Displaying items by tag: westpac

Westpac senior analyst Anne Boniface says fears of tighter international supplies, particularly for whole milk powder, helped dairy prices squeeze higher in the first few Global Dairy Trade auctions of 2018. 

The threat of a big drought is prompting Westpac to contact its farmer clients to see what help they may need.

Fonterra's forecast milk price of $6.75/kgMS is looking shaky, bank economists agree.

The number of dairy farms coming on the market is seen as a sign of confidence returning to the industry.

Last night’s Global Dairy Trade (GDT) auction was disappointing relative to market predictions, says Westpac senior market strategist Imre Speizer.

Many dairy farmers are taking advantage of this season’s better payout to regain some of the equity they lost in their farms during the previous two bad years.

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

The rise of fats continues to play out as the GlobalDairyTrade (GDT) auction saw its second consecutive rise last week, says Rabobank dairy analyst, Emma Higgins.

Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.