Listen: Report shows positive picture for primary industry

Chief executive of Rabobank Todd Charteris. Photo / Supplied

September has been a "very solid" month for the primary sector with signals continuing to be "pretty positive" says Todd Charteris.

The chief executive of Rabobank gave The Country's Jamie Mackay a preview of the bank's September Agribusiness Monthly Report which is due for publication later this week.

Charteris rates the commodity outlook for the New Zealand primary sector on a scale of one to 10 as follows:

Dairy 7, Beef 7, Sheepmeat 9, Strong Wool 2, Fine Wool 8, Horticulture and Wine 7, and the exchange rate 7.

Listen below:

As usual, strong wool is suffering from continued weak demand resulting in such a low score, "it's difficult to get very excited about that at all," says Charteris.

Although the report paints a largely positive picture for the primary industry sector, there are still some notable headwinds in the form of climate, disease and Donald Trump.