NZ – milk supply limited by environmental constraints
New Zealand bank Westpac expects the price of milk to increase and for the peak to stay high for longer because environmental constraints will limit global supply growth.
Brazil – second maize crop
With global maize stocks falling due to increased demand, all marketing eyes are focused on the Safrinha or second maize crop in Brazil. Its performance is key to price sentiment in the maize market for the year ahead.
China – pig herd rebuilds
Chinese pigmeat output increased by just under one third in the first quarter of 2021 as the sector recovers from African swine fever.
Scotland – record beef prices
The price of R4L steers reached £4.25/kg (€4.94/kg) in Scotland last week, a record high.