PKE demand on the rise.
February 2, 2017
We have been fielding requests for stockfeed declarations due to farm audits. This can be found on the ADMNZ website at the following link:
Please note the lead time for orders on the North Island is a minimum of 4 working days. We are experiencing constant demand for loads. To ensure on-time delivery please ensure you provide sufficient notice.
NZ Supply & Demand
NZ spot prices continue to firm as importers try to manage supplies through to the arrival of the next scheduled vessels. With March being the peak, scheduled imports for that month appear to be on track to return to levels of 2-3 years ago.
Prices are consistently in the $230’s now, with some firms quoting $250+. Northland continues to report the highest prices (mostly likely due to road freight). Spot demand continues to increase. The use of Zinc in feed continues to rise, otherwise the most common use is straight Palm Kernel.
Origin Supply & Demand
Origin supply remains reasonably well sold for next couple of months. This means crushers are in no rush to sell as the "Year of the Rooster" gets underway.
However, purchases made at the origin from now on are likely to miss peak NZ demand, so importers remain cautious. There is some market chatter of supply recovering to 2015 levels, which will coincide with increasing demand in NZ for the calendar year 2017.
Much the same story as last month with prices gaining a little upside on South American concerns before abating back to the lows. The Australian winter crop continues to defy records and expectations. Even with a solid shipping program our Australian colleagues expect carry-out to also defy expectations.
There is no reason to expect supply issues for imported grain and oilseeds in the short term however with historically low prices at the origin the question remains if they have bottomed out.
Team Member Focus
Team Member Focus
Dennis O’Connor – is the office and logistics co-ordinator and has been with ADM since Year 1. Dennis is known to most of you as the go to for any queries relating to statements and invoices. Dennis has spent many years working on farms and in administration roles. In his spare time he likes to read books and long walks on the beach.