Posts Tagged ‘exchange rate’

World not yet falling apart

September 6, 2018

Much to a lot of people’s surprise, the global economy is resisting the dire predictions of many commentators, just as the New Zealand economy continues to perform much better than businesses are prepared to accept. But it is far from certain whether this just a question of timing or the genuine possibility the predictions are exaggerated. Speculation, based on suspicion and anecdote, appears to be an unreliable guide to what is actually happening, so, while planning for an uncertain future is essential, it would pay not to ignore present realities. (more…)

Meat exporters and farmers must get used to change

November 22, 2016

As if Brexit wasn’t a big enough shock, the US presidential election has really set the cat amongst the pigeons. Commentators of all nationalities and political inclinations have literally no idea how a Trump presidency will affect the world order, from trade agreements and global interest rates to immigration or deportation, let alone internal security issues and relationships with other nations. (more…)

Next season looking very uncertain

July 20, 2016

Last month I took a positive look at the prospects for New Zealand’s sheep and beef producers, based on the long-term outlook in global, especially Asian, markets. I drew attention to some caveats including market access, seasonality, exchange rates, the robustness of the cool chain and fluctuating demand. But what a difference a month makes! (more…)

MPI’s SOPI report suggests it is on different planet

December 23, 2015

When I read the headline forecast in the December update of the Situation and Outlook for Primary Industries report, my initial reaction was “they must be joking, what planet are they on?” After a slightly more in depth study of their analysis, I am still baffled. (more…)

MPI’s SOPI report suggests it is on different planet

December 21, 2015

When I read the headline forecast in the December update of the Situation and Outlook for Primary Industries report, my initial reaction was “they must be joking, what planet are they on?” After a slightly more in depth study of their analysis, I am still baffled. (more…)

Silver Fern Farms forecasts positive result for the year

July 25, 2015

A note to shareholders last week updated the company’s position after 9 months and predicted a substantial improvement on last year. Gains have occurred across the board with sales up 8.6% or $150 million, debt $100 million lower and improved inventory turnover. (more…)

MIE plan stimulates debate but won’t fix the problem

April 1, 2015

The Pathways to Long-Term Sustainability document launched earlier this month makes some very valid points about the red meat industry’s shortcomings, but its recommendations are almost certainly impossible to implement. (more…)

Conditions not structures cause of red meat price drop

February 12, 2015

The pre Christmas surge of optimism, boosted by high beef and sheepmeat prices when export volumes were low, has largely disappeared. The impact of the drought in the lower North and South Islands has seen slaughter numbers increase dramatically at the same time as a series of negative events have reared their head in world markets. (more…)

Wishing won’t make it happen

May 24, 2014

Southland Regional Council chair, Ali Timms, hopes the government will take on board her warning about the effect of the red meat sector’s continued decline on water quality and increased nitrogen levels. (more…)

Fixed price contracts not the answer

May 8, 2013

When farmers want certainty of income and livestock prices aren’t very good, thoughts often turn to fixed price contracts. But they have never really taken off because I suspect neither farmers nor meat exporters are very keen on them, although Silver Fern Farms continues to offer its Backbone contracts with reasonable uptake. (more…)