Displaying items by tag: ANZ

Cameron Reed lives between two worlds.

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.

The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.

According to the latest ANZ Agri Focus report, energy-intensive and domestically-focused sectors currently bear the brunt of rising fuel, fertiliser and freight costs.

Strong demand for high dairy protein products is keeping prices elevated but the Middle East crisis could make an impact in the coming months.

The cost of running a New Zealand farm is now 27% higher than it was before Covid, putting sustained pressure on profitability acrfoss the sector, according to new ANZ research.

New Zealand farming is riding a high, with strong prices, full feed covers and improving confidence lining up at the same time.

The Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report, but it’s not “manna from heaven” for the economy.

ANZ's chief executive Antonia Watson says agriculture has proven to be “a shining light” for New Zealand’s economy.

ANZ New Zealand is encouraging farmers and businesses impacted by the recent extreme weather that hit Southland and South Otago last week to seek support if they need it.