New Zealand Agribusiness Q4 2018
We believe that increased access to international markets, particularly Taiwan and China, will prove to be the primegrowth driver for the agribusiness sector in New Zealand throughout the medium-to-long term. This will be supportive of the dairyand livestock segments. The dairy sector, in particular, will benefit from export demand growth, as many other countries in Asia arefacing growing domestic demand and relatively limited production capacity. We believe that CME prices will average lower in 2018y-o-y and roughly sideways thereafter.
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