This episode featured as part of the Agribusiness segment in partnership with BNZ.

A 90-day US diesel export ban would add 2% to the diesel price every week, based on a European estimate.

Killian Destremau, Deputy Chief Economist at Business and Economic Research Limited (BERL), says the ban will ‘probably’ not happen, but is a genuine consideration that could be planned for.

He says oil inventories are cushioning the Strait of Hormuz closure, but prices are moving higher.

High global prices have offset, and possibly more than offset, higher primary sector costs.

“It seems that the US consumer is insatiable and that feeds into everything.”

This episode featured as part of the Agribusiness segment in partnership with BNZ.
This podcast is solely for information purposes. It’s not financial or other professional advice. No party, including BNZ, is liable for direct or indirect loss or damage resulting from the content of this podcast.

CountryWide CONNECT with Andy Thompson & Sarah Perriam-Lampp is our daily rural show livestreamed from 11am-1pm. Visit country-wide.co.nz on how to watch/listen or download the CountryWide CONNECT mobile app, available on Apple iOS and Android.

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