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NZ: Gloomy commodity picture ‘will weigh on the economy’

Posted on 03 May 2012

With gloomy trade news almost daily, farmers are likely to revise their farm budgets downwards. Given pastoral agriculture spends around $13 billion on goods and services each year, this has implications for both the provincial and national economy.
“It’s no secret while primary export volumes have increased, commodity prices are in retreat,” says Bruce Wills, Federated Farmers President and economics and commerce spokesperson………………………………………..Full Article: Source


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