Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Rabobank Agribusiness Review October 2008

Rabobank Agribusiness Review

Please find attached a link to Rabobank's October 2008 Australia and New Zealand Agribusiness Review.

Prepared by the bank's Food & Agribusiness Research and Advisory division, the report provides monthly commentary on Australian and New Zealand economic and agricultural conditions. Highlighted in this report:

• In New Zealand, seasonal conditions improved as the heavy rains of recent months eased and warmer weather brought good pasture growth.

• While the USD rose against most currencies, the AUD and NZD conceded more ground than most, as investors fled currencies perceived to entail higher risk or which are strongly dependent on global economic growth.

• Falling local currencies offset much of the change in input and output prices seen during the month for Australian and New Zealand farmers.

• While rainfall was above average in much of the north of Australia in September, it proved another dry month in most southern regions. Rabobank has trimmed its winter crop forecast as a result.

• September brought extreme volatility in financial and currency markets, with a sharp global economic downturn now looking increasingly likely.

• The price of most internationally traded agricultural commodities fell 10%-15% in September/early October. Price falls generally reflected the influence of a stronger USD and a deteriorating outlook for demand. Reflecting the same factors, the prices of key inputs also fell - including fertiliser, oil and bulk freight rates.

To view the full report, please click on the link below:

Australia and New Zealand Agribusiness Review


© Scoop Media

Business Headlines | Sci-Tech Headlines


Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>

Greenpeace: Calls Foul On INEOS Rugby Sponsorship Deal

Greenpeace is calling foul on NZ Rugby’s decision to sign a sponsorship deal with the oil and plastic polluting petrochemical giant INEOS. "In the thick of the climate crisis, it’s gutting to see NZ Rugby sign a sponsorship deal with an oil and gas polluting conglomerate... More>>

Stats NZ: Quarterly Inflation Rising Steadily Across The Board

Higher prices for transport and food have driven up inflation for the all households group in the June 2021 quarter, Stats NZ said today. The ‘all households group’ represents all private New Zealand-resident households... More>>

Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>