New Zealand's agricultural sector is demonstrating strong performance with near-record prices for key exports, though profitability remains squeezed by high production and logistical costs.
Key Takeaways
- 1.New Zealand's agriculture sector is performing strongly, with many farmgate prices at or near record levels for beef, lamb, and dairy.
- 2.Input costs such as fuel and fertilizer remain significantly elevated due to the ongoing Strait of Hormuz closure and global geopolitical tensions.
- 3.A 'super' El Niño event is expected in the second half of 2026, posing significant downside risks to pasture growth and agricultural production.
Table of Contents
- Economic overview
- El Niño warning signals
- Dairy
- Sheep, beef, and deer
- Grain
- Forestry
- Horticulture
- Rural property market
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Authors
Matt DillySharon Zollner
Securities
New Zealand Units
Themes
El Niño Climate RiskGeopolitical Supply Chain DisruptionAgricultural Input Cost Inflation
Regions
Asia PacificGlobalNew ZealandUnited StatesAustralia