Displaying items by tag: BNZ

BNZ rural economist Doug Steel has dared to mention $7 for the new season milk price, but with very strong notes of caution.

Prices for milk fat are soaring and you can thank consumers worldwide for it.

After five consecutive increases in Global Dairy Price (GDT) auctions, a $7/kgMS opening forecast for the new 2017-18 season is feasible.

There's scope for a small lift this season in Fonterra’s farmgate milk price after the GDT Event price index rose 3.1% last week, says BNZ senior economist Doug Steel.

Recent comments by BNZ agribusiness head John Janssen about risks supposedly posed by Healthy Rivers plans to rural land values are questionable, says Bayleys country manager Simon Anderson.

Chinese national holidays could have affected last week’s Global Dairy Trade auction, in which the overall price index was down 3%, say economists.

Last week's GlobalDairyTrade result indicates China is back in the market and New Zealand supply is tightening, says Doug Steel, BNZ senior economist.

BNZ has announced its plans to make a cornerstone 17% investment in cloud-based farm accounting software provider, Figured Ltd.

Financial institutions could lead climate change response before science, says Insurance Council of NZ chief executive Tim Grafton.

Most of the major banks are predicting a drop between 4% and 8% – much higher than Fonterra's current forecast of a 2-3% fall.