New Zealand farm input price trends
International soft commodity indicators
We also monitor the annual and monthly global price trends of a selection of soft commodities to forecast future price activity, mitigate risk and identify opportunities.
Soft commodity indicators include:
- Animal proteins – beef and lamb compared with chicken and pork.
- Materials – wool compared with cotton.
- Grains – soy, wheat and corn as crops for both human and animal feed.
- Farm inputs – phosphate, urea and crude oil as key inputs in fertiliser and fuel use.