Displaying items by tag: ANZ
Rising milk production in the Americas and Europe, the COVID-19 pandemic and a strong NZ dollar are making it difficult for economists to forecast the 2020-21 milk price.
OPINION: Your old mate can’t believe the gall of the NZ big banks crying about their ‘reduced’ profitability this year.
Low morale and uncertainty in the dairy industry appear to be overshadowing the positive outlook for the sector.
Meat and dairy prices are strong and horticulture is leaping ahead, yet farmer and business confidence in the primary sector remains low – especially dairy.
A sudden drop in log prices which impacted the New Zealand commodity price index in July seems to have stabilised, says ANZ agriculture economist Susan Kilsby.
Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.