Displaying items by tag: ASB

Craigmore Sustainables, a New Zealand diversified rural investment company, has gained a new $142 million sustainability linked loan (SLL) agreement for one of its investment portfolios – Craigmore Farming Partnership (CFP).

Fonterra last week lifted its earning guidance for this season but narrowed its forecast farmgate milk price due to softening whole milk powder prices.

Weaker demand for dairy, particularly in the key Chinese market, is being blamed for the continued slide in the forecast milk price.

Easing global dairy prices have prompted one bank to drop its forecast milk price for this season by 60c/kgMS.

ASB has gifted a $150 million farm to one of Auckland's largest schools.

The balance of global demand and supply continues to look very supportive for dairy prices, according to ASB economist Chandna Bedi.

The forecast farmgate milk price is being tipped to hold ground despite plummeting prices on the Global Dairy Trade (GDT).

Banks across New Zealand are offering financial support to customers hit by the severe weather in the South Island.

An Omarama School pupil has been honoured for her brave actions after her mum fell from a horse, resulting in a spinal injury in March this year.

Focus on market fundamentals and not the fortnightly Global Dairy Trade (GDT) moves, says ASB economist Nat Keall.