Wheat Market Faces Downward Pressure: An Analysis of Current Trends
In recent times, the wheat market has experienced a downturn, with UK feed wheat futures for November 2023 closing at £184.80/t, a decline of £1.20/t from the previous day. The futures for November 2024 also saw a dip, settling at £201.30/t after a decrease of £0.80/t. Internationally, wheat markets are under strain. Both Chicago and […]
EU Beef and Sheep Production Face Decline Amid Economic and Environmental Challenges
The European Union’s beef and sheep meat sectors are grappling with a series of challenges that are expected to result in reduced production levels in 2023 and 2024. According to the latest short-term outlook report by the Agriculture and Horticulture Development Board (AHDB), poor grass growth and elevated feed costs are among the primary factors […]
Karoo Lamb from South Africa Gains Protection Similar to Champagne
South African Karoo Lamb Achieves Geographical Indication Status The unique lamb, raised in the arid Karoo region, is known for its distinct flavour from local vegetation. South Africa has secured protection for its lamb meat from the dry Karoo region under the Geographical Indication status. This means that only meat cuts from young sheep, raised […]
Japan Welcomes British Cooked Poultry Meat
British-cooked poultry meat is set to grace Japanese dining tables, following a new market access agreement that promises to benefit UK farmers, meat processors, and exporters. The industry projects that this market could generate over £10 million in revenue within the next five years. Previously, the UK had been exporting poultry meat to Japan since […]
Pork Sector Demonstrates Resilience Amid Economic Hurdles, Rabobank Report Indicates
The global pork market is holding its ground despite a series of challenges in recent years, as detailed in Rabobank’s most recent quarterly review. The report singles out enhanced herd well-being and a commitment to cost-cutting as pivotal elements in the sector’s rebound. Herd Well-being and Cost Efficiency Christine McCracken, Rabobank’s lead analyst for animal […]
UK Agriculture Sector Navigates Challenging Economic Landscape, Says Reserve Bank
Amidst a turbulent economic climate, the Reserve Bank has recently shed light on the precarious situation faced by the agriculture sector. This comes in a context where other sectors are also grappling with the uncertainties associated with factors such as international trade, climate change, and policy adjustments. Economic Uncertainties The agriculture sector, pivotal for the […]
Farmers Express Optimism with New Government’s Potential for Positive Change
Farmers and agricultural lobbying groups in New Zealand have expressed their optimism that the incoming government will support the primary industry by reducing regulations. This sentiment comes amidst challenges such as increasing bureaucratic hurdles, dwindling commodity prices, and rising on-farm inflation. David Acland, the president of Mid Canterbury Federated Farmers, believes that the recent election […]
Challenging Year Ahead for Farmers as Profitability Hits 15-Year Low, Warns B+LNZ Report
Farmers are bracing for another difficult year, with farm profitability expected to plummet to a 15-year low, according to Beef + Lamb New Zealand’s (B+LNZ) New Season Outlook 2023-24 forecasts. The report anticipates a 31% decline in farm profitability for the 2023-24 year, following a 32% drop in the previous year. This means that farmers’ […]
October’s Agribusiness Report by Rabobank Forecasts Market Volatility Amid Weather and Global Trends
Rabobank’s latest October agribusiness report starts with an analysis of weather data from the National Institute of Water and Atmospheric Research (NIWA) for September. The report shows a modest 0.4% uptick in milk production across the seven key milk-exporting regions. This subdued growth is accompanied by a potential ‘whiplash’ in milk prices. A rebound in […]
New Zealand’s Milk Production Faces Challenges Amid Global Market Fluctuations
New Zealand’s dairy sector is grappling with a less-than-average peak in milk production for the current 2023/24 season. Data for the initial three months reveals a nearly 2% decline in tonnage, primarily due to reduced collections in the North Island. This comes at a time when China’s dairy demand recovery has yet to counterbalance strong […]
