Displaying items by tag: ASB

Three bank economists see a risk of downside to farmgate prices from last week’s GDT auction where the overall price index dropped 2.4%.

The butter boom is rolling on, says ASB senior rural economist Nathan Penny.

The back-to-fat story was reinforced at the latest GDT event with butter up 3.3% to a fresh auction record high of US$5631/t, says ASB senior rural economist Nathan Penny.

New Zealand’s three major export sectors- beef, lamb and dairy- may pass the $6/kg mark simultaneously at some stage this year, says ASB analyst Nathan Penny.

The rise of fats continues to play out as the GlobalDairyTrade (GDT) auction saw its second consecutive rise last week, says Rabobank dairy analyst, Emma Higgins.

Latin America may have been the unexpected cause of the GlobalDairyTrade (GDT) overall price index rising 1.7% last week against expectations, says ASB senior rural economist Nathan Penny.

ASB has appointed Richard Hegan as general manager of its rural business.

Improved milk production in New Zealand has caused dairy prices to fall heavily overnight, says ASB economist Nathan Penny.

Most major banks are offering some assistance for drought stricken farmers.

Dairy markets remain finely balanced but with most of the season’s product sold, farmgate milk price is expected to hold above $6/kgMS.