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.

ANZ is warning that New Zealand will be unable to avoid the fallout from the COVID-19 crisis.

Banks should act sensibly when dealing with debt-ridden farmers, says economist Cameron Bagrie.

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.

OPINION: If you borrow money from the bank, it holds a grip (‘death pledge’) over you.

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.

An air of uncertainty hangs over the whole agri sector, says the ANZ’s managing director of commercial and agri, Mark Hiddleston.