Wednesday, 11 September 2019 12:55

Farmer confidence lagging, but...

The latest survey of farmer confidence from Federated Farmers does not make pretty reading, says BNZ senior economic Doug Steel.

But it's not all doom and gloom.

Published in General News
Tuesday, 14 May 2019 10:27

Optimism for the new season

The Global Dairy Trade (GDT) price index rose just 0.4% last week, but positive indicators will maintain market optimism for the new season, says BNZ senior economist Doug Steel.

Published in General News
Tuesday, 12 March 2019 10:31

$7-plus payout could be on the cards

The farmgate milk price could possibly rise beyond $7/kgMS in the 2019-20 season.

Published in General News
Thursday, 07 February 2019 09:47

Too many eggs in China's basket?

China's market share of NZ’s primary exports is material and raises the issue of concentration risk, says BNZ rural economist Doug Steel.

Published in General News
Wednesday, 06 February 2019 10:55

Bank picks flat prices for 2019

Global prices for our primary products are likely to be flat this year but prices may rise for some products, says BNZ rural economist Doug Steel.

Published in General News
Tuesday, 27 November 2018 11:03

Milk price cut ‘will not surprise’

With production up 6.5% on last year for the peak of the season, a downward adjustment in Fonterra’s milk price will not be surprising, says BNZ senior economic Doug Steel.

Published in General News
Tuesday, 25 September 2018 13:55

Price slump pressures $6.75 payout

The Global Dairy Trade had its eighth consecutive fall last week putting more downward pressure on Fonterra’s $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.

Published in General News
Tuesday, 11 September 2018 12:55

Payout under threat

With dairy prices down nearly 13% below levels of a year ago, this adds to the downside risk to Fonterra’s newly minted $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.

Published in General News
Tuesday, 12 June 2018 12:55

Did M. bovis support GDT prices?

Would price declines at last week’s Global Dairy Trade auction have been bigger had there not been a downside risk to future NZ production from Mycoplasma bovis and the plan to eradicate it, wonders BNZ senior economist Doug Steel.

Published in General News

Fonterra's $7/kgMS opening milk price is at the top end of the range seen by market followers and analysts.

Published in General News
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