U.S. drought helps vegetable growers
The Vegetable and Potato Growers’ Federation is anticipating significant price returns for growers in the coming season, due to exchange rate movements and continuing drought conditions in the United States. The federation has asked its members, which number about 200 in Canterbury, to hold off committing land to processing companies until prices are finalised at what it calls an acceptable level, probably by mid-June. The chairman of the process division, Mr Max Lilley, said growers
should be aware that demand for processed vegetables was likely to increase in response to a worldwide shortage, which had led to sharp ; price increases. Exchange rate movements since last season meant processors’ returns from the export market had increased 10 per cent, he said. In addition, the continuing United States drought meant planting of wheat and vegetables would be down, leading to increased demand for the New Zealand product.
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Press, 16 May 1989, Page 7
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150U.S. drought helps vegetable growers Press, 16 May 1989, Page 7
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