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Displaying items by tag: westpac
Dry weather around New Zealand could restrict milk supply and squeeze global dairy prices higher, says Westpac’s senior economist Michael Gordon.
OPINION: Your old mate can’t believe the gall of the NZ big banks crying about their ‘reduced’ profitability this year.
Demand for New Zealand dairy products should remain solid despite China’s mixed economic outlook, says Imre Speizer, Westpac.
The rise in global dairy prices could be partially attributed to demand from China, says Westpac market strategist Imre Speizer.
Dairy prices fell overnight in Global Dairy Trade (GDT) auction, reversing the lift in the previous event.
Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.
Dairy prices continued to edge higher in last night’s Global Dairy Trade (GDT) auction with the aggregate price index up 0.4%.