https://farmersweekly.co.nz/section/...adage-payments
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Ouch .nasty
"More countries have joined China in banning imports of Brazilian beef following the discovery of two cases of mad cow disease.
The ABC reports that Russia, Indonesia, Egypt, Iran and Saudi Arabia have all joined China in ban either in total, from infected states or certain processing plants."
https://farmersweekly.co.nz/section/...l-meat-imports
Solid old volume gone through today at $1.09-$1.10.
293k traded, and to put in context, in the last 12 months only 2.9 million have been traded - 10% of the last years turnover in a day? Bulk of these in one hit? Maybe a new top 10 shareholder?? (Only need >268k shares).
Is Percy getting more "well positioned"?? Another good year in the offing??
Great day out on the water after lots of wind last couple of weeks.
You’re right it’s an all time high, reached a few months ago as well. I expect we will see an upward pressure in the last quarter of the year as farmers top up their holdings like happened last year to ensure maximum return from this great year we’re having 😀
Growth: NZ Beef exports, up 39 per cent to $299m year on year.
Exports to the top three beef markets all increased, with China up 89 per cent to $117m, the United States by
31 per cent to $102m and Japan by 31 per cent to $15 million.
Sirma Karapeeva, MIA chief executive, said volumes of beef exported during August were also historically high.
“A number of factors are contributing to tight global beef supplies. This includes herd rebuilding in Australia
and export restrictions in Argentina. New Zealand exported a total of 35,327 tonnes during August, which is 71
per cent higher than the average beef export volume for the month over the last 30 years. .
In early September, China halted imports of Brazilian beef, due to detections of atypical BSE in two cattle in
Brazil. This did not affect the August imports but it may have an impact on trade over the next few months.
Brazil is the largest beef exporter to China and our understanding is that the situation is not fully resolved yet."
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Just one positive announcement,after another.I am getting used to them..lol
https://www.usx.co.nz/uploads/paperc...pdf?1633037734