Displaying items by tag: BNZ

Corporate dairy farmer Southern Pastures has signed a three-year $50 million sustainability-linked farm loan with BNZ.

A resurging Chinese economy is helping boost returns for New Zealand dairy farmers.

A resurging Chinese economy is helping boost returns for New Zealand dairy farmers.

While lamb prices are starting the new season at around 16% below last year’s levels, they are not outright weak, according to the BNZ.

The forecast milk payout for this season has gone up by 40c and Fonterra farmers can thank Chinese consumers.

Farmers remain cautious and even wary – despite the sector having done reasonably well during the COVID-19 pandemic – according to the latest rural report from the BNZ.

While most of New Zealand’s economy has taken a hit in the wake of Covid-19, the country’s primary sector has had a resurgence of confidence.

Primary product prices will fall further this year but remain at reasonable levels before some improvement in 2021, according to BNZ senior economist Doug Steel.

Take the win but don’t bet the farm on it lasting.

Dairy prices were below expectations at last week’s Global Dairy Trade (GDT) auction, largely due to fat prices.