Displaying items by tag: Doug Steel

BNZ is sticking with its $6.75/kgMS milk price forecast – or perhaps a little more – while the ASB says $7/kgMS could be on the cards if rain persists.

Dairy prices have cumulatively eased only 3% after falling in four of the past five auctions, says BNZ senior economist Doug Steel.

Although last week’s GDT price index eased 0.4%, the dairy auction was generally positive, especially the 2.6% lift for whole milk powder (WMP), says ANZ rural economist Con Williams.

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.

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.

Farmgate milk price forecasts by at least two banks, ASB and BNZ, have now been hiked upwards to $5/kgMS for the 2015-16 season.

Farmgate milk price forecasts by at least two banks, ASB and BNZ, have now been hiked upwards to $5/kgMS for the 2015-16 season.