New Zealand Agribusiness Report - Business Monitor International - Industry Reports

New Zealand Agribusiness Report

New Zealand Agribusiness Report - Business Monitor International - Industry Reports
New Zealand Agribusiness Report
Published Sep 10, 2016
51 pages — Published Sep 10, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Note: Horizontal lines represent BMI average annual forecast. Source: Bloomberg, BMI Over the longer term, we maintain our view for CME milk prices to start recovering from ---- onwards, but have also revised down our forecast and now see prices averaging USc--.--/lb that year compared with USc--.--/lb previously. Higher grains prices in the coming years will undermine returns for dairy farmers and limit milk production growth in the US, while Chinese import demand will recover to some extent in late ----. Moreover, we expect Asia Pacific prices to pick up slightly towards the end of ---- and in ---- as New Zealand production will decrease for a second consecutive season in ----/-- (starting in June ----), which should provide some support to US prices in ----. However, the upside will be limited for CME prices, as US production growth will continue to expand. We hold a more bearish view than that implied by the futures curve, as the May ---- contract is currently priced at USD--.--/cwt.

...We maintain our view for CME milk prices to start recovering from ---- onwards, but have also revised down our forecast and now see prices averaging USc--.--/cwt that year compared with USc--.--/cwt previously. Higher grains prices in the coming years will undermine returns for dairy farmers and limit milk production growth in the US, while Chinese import demand will recover to some extent in late ----. ...Higher grains prices in the coming years will undermine returns for dairy farmers and limit milk production growth in the US, while Chinese import demand will recover to some extent in late ----. Moreover, we expect Asia Pacific prices to pick up slightly towards the end of ---- and in ---- as New Zealand production will decrease for a second consecutive season in ----/-- (starting in June ----), which should provide some support to US prices in ----. However, the upside will be limited for CME prices, as US production growth will continue to expand. ...However, the upside will be limited for CME prices, as US production growth will continue to expand. We hold a more bearish view than that implied by the futures curve, as the May ---- contract is currently priced at USD--.--/cwt.

...Production -.- Given the small domestic consumption base and the high productivity of the sector, long-term expansion will mainly come from export opportunities, particularly to Asia and the Middle East, which are forecast to enjoy significant dairy consumption growth to ----/--. This will be true for processed dairy products as well, which will command an increasing share of liquid milk usage. ...

  
Source:
Document ID
2040-0403
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "New Zealand Agribusiness Report" Sep 10, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Agribusiness-Report-2026-813>
  
APA:
Business Monitor International - Industry Reports. (2016). New Zealand Agribusiness Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/New-Zealand-Agribusiness-Report-2026-813>
  
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