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New market study, "New Zealand Agribusiness Report Q4 2011", has been published

New Food and Beverage research report from Business Monitor International is now available from Fast Market Research

 
PRLog - Sep. 11, 2011 - BMI View: New Zealand's dairy sector will remain the outperformer within the agricultural industry  over the long term, especially given the sector's increasing export opportunities to Asia. The export  market will remain important, particularly since New Zealand's domestic market is small and economic  growth over the next few years is forecast to be subdued. There are other long-term production risks to  the industry as well, particularly as grain production (notably barley) has seen little increase in recent  years and the livestock sector could suffer from reduced margins owing to burgeoning environmental  regulations and higher feed costs. Nevertheless, the government has made several efforts to improve the  competitiveness of New Zealand's exports through free trade agreements and the sector will remain a key  driver for the economy over the long term.    Key Trends    * Milk production growth to 2014/15: 16% to 20mn tonnes. Long-term expansion will mainly  come from export opportunities, particularly to Asia and the Middle East, which are forecast to  see significant dairy consumption growth out to 2015.  * Corn consumption growth to 2015: 18% to 213,500 tonnes. Our positive growth forecasts for  livestock, which uses the grains as feed, account most prominently into our forecasts for steady  demand growth for grains over the next four years.  * Cheese production growth to 2014/15: 8% to 345,000 tonnes. For all the dairy sub-sectors,  export opportunities (particularly to China) will be the main growth driver over the medium  term.  * 2011 Real GDP Growth: 1.5% (up from 1.8% in 2010; predicted to average 2.6% from 2010  until 2015).  * Central Bank Policy Rate: 3% for 2011 (same as 2010).    Industry Developments    Droughts in New Zealand threaten the country's dairy outlook for 2010/11 and pose downside risks to our  forecast for milk production to expand by 6.9% to reach 17.8mn tonnes in 2011.With demand for dairy  expected to continue growing in 2011, these weather developments could squeeze production and further  elevate milk prices. Waikato, New Zealand's largest dairy region, was declared a drought zone on  December 15. According to reports, although the region has received around 70mm of rain, it is some  50mm short from reaching the optimal level of rainfall.    In an effort to give beef producers a boost, the New Zealand government has continued to push talks for a  free trade agreement with the US, which will include several other Pacific Rim nations in what is being  billed the 'TransPacific Partnership' agreement. According to Beef And Lamb NZ, the key talking points  are a reduction of the current US beef import tariff from USc4.4/kg to zero, as well as the elimination of  an over-quota tariff rate. As of December 8 2010, the talks had reached their fourth stage and the directors  of the New Zealand contingent were confident that an agreement could be reached.    In late 2010, the New Zealand government established the Animal Welfare (Pigs) Code of Welfare 2010,  which follows on a similar protocol for beef and sheep established in March 2010. The two plans  encourage farmers responsible in the production of pork and beef to adopt and maintain the highest  standards of husbandry and care. A particular facet is the use of farrowing crates and dry sow stalls,  which are now being phased out. The stalls, which are used for mating and gestation purposes, have been  criticised in the past for keeping the pigs confined, usually for extended periods. As such, the limitation of  the use of the stalls implies that pigs in particular (they are used for pigs more frequently than cattle) will  have greater freedom of movement over the course of their lives.
About Business Monitor International

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Full Report Details at
- http://www.fastmr.com/prod/217220_new_zealand_agribusines...
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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Food, Restaurants, Research
Tags:dairy, beef, pigs, grain, milk, stalls, talks, Asia, tariff, welfare
Shortcut:prlog.org/11655249
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