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There are two recurring themes through Rabobank's latest Agribusiness Monthly report - drought and coronavirus.
Although rain will eventually come and alleviate the drought, coronavirus is a different story, says Rabobank chief executive Todd Charteris.
"It's that whole disruption to logistics that has really taken a hit" Charteris told The Country's Jamie Mackay.
According to the report, 31 per cent of sector exports by value were destined for China in 2019.