Positive outlook for agriculture
Tuesday, February 9th, 2010In its annual NZ Agriculture in Focus report, the agribusiness bank says global demand for some agricultural commodities such as dairy and sheepmeat is increasing. General manager Ben Russell said that although global and domestic economic conditions seem to have turned a corner and were expected to gather momentum in 2010, the recovery remained fragile reports Stuff.
“While conditions have definitely been improving there remain a number of downside risks,” he said.”The NZ dollar remains high, inflicting serious head-winds on exporters, there are continuing tighter credit conditions and economic recovery remains subdued in key export markets, such as Japan and the United States.”
