Chief executive of Rabobank Todd Charteris. Photo / Supplied
Chief executive of Rabobank Todd Charteris. Photo / Supplied
September has been a "very solid" month for the primary sector with signals continuing to be "pretty positive" says Todd Charteris.
The chief executive of Rabobank gave The Country's Jamie Mackay a preview of the bank's September Agribusiness Monthly Report which is due for publication later this week.
Charteris ratesthe commodity outlook for the New Zealand primary sector on a scale of one to 10 as follows:
Dairy 7, Beef 7, Sheepmeat 9, Strong Wool 2, Fine Wool 8, Horticulture and Wine 7, and the exchange rate 7.
As usual, strong wool is suffering from continued weak demand resulting in such a low score, "it's difficult to get very excited about that at all," says Charteris.
Although the report paints a largely positive picture for the primary industry sector, there are still some notable headwinds in the form of climate, disease and Donald Trump.
