January 2012

After a nervous slow and cautious start where early offers were well short of last years steady prices, sales of reasonable volumes have been made to the satisfaction of both parties.

Some details are now emerging with RG1, SP1 and Man grades all contracted at $120/kg which is ahead of last year. Korean grades appear to not have reached $100/kg but many farmers driven by cash flow have accept and moved on.

Big gains have been made on production per head by specialist velveters that to some degree compensates for lower prices.

The unsettled start of the season highlights the importance of having a strong and unified selling system here in NZ or the canny Korean and Asian buyers will use that instability to try and drive down the price.

MAF Deer monitoring report for 2010/2011 year

for more trend graphs, see

- lamb
- beef
- deer
- velvet

for more perspectives, see

- Exchange rates
- Commodity prices
- Farm cost indexes
- Interest rate trends
- Rural credit aggregates
- Farm sales activity
- International dairy prices

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