Despite significant ongoing global turmoil, New Zealand agricultural producers can look forward to another profitable year in 2022, A Rabobank’s Agribusiness Outlook 2022 report shows this could mean the sixth consecutive year of general profitability for the country’s agricultural sector. The report entitled ‘Will the Party Continue in 2022?” says the outlook for another profitable run looks likely for most of New Zealand’s agricultural commodities, but 2022 will be “unpredictable”. Rabobank senior agricultural analyst Emma Higgins says 2022 says 2021 saw record farmgate pricing locally for most New Zealand-produced agricultural commodities (apart from wool) – and it was fuelled by global factors like adverse weather, concern about food shortages and Covid-induced supply chain chaos while underpinned by a favourable Kiwi dollar. Emma Higgins says New Zealand agriculture has navigated erratic supply chains despite the global pandemic, while trade relations with China have remained strong. She says NZ remains well positioned on global agricultural markets for the year ahead.
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