Tuesday, 10 December 2019 09:54

Fat prices drag GDT index down

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

Published in General News
Tuesday, 12 November 2019 08:55

Skim milk no longer poor cousin in GDT

Powders led the way for the 3.7% jump in the Global Dairy Trade last week with economists now looking at an upside to current milk price forecasts.

Published in General News
Tuesday, 05 November 2019 06:55

Lamb on a roll

Lamb prices hit an all-time high of $8.60/kg early last month.

Published in General News
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
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