Fonterra has copped a fair bit of stick from the Hound over the years. However, on this occasionyour old mate…
Dairy farmers would have woken up to better news than equity fund managers last Wednesday says ANZ’s agri economist Con Williams.
The New Zealand kiwifruit sector is set for growth following 2017’s record season and new development opportunities across the country, according to the ANZ Kiwifruit Insights paper.
A fall of 3.4% in the overall GDT Event price index last week was the fourth consecutive fall and prices are now at eight-month lows.
Three bank economists see a risk of downside to farmgate prices from last week’s GDT auction where the overall price index dropped 2.4%.
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.
Higher dairy payouts have put dairy farmers in a good position to take advantage of new technologies, says ANZ’s managing director commercial & agri, Mark Hiddleston.
The back-to-fat story was reinforced at the latest GDT event with butter up 3.3% to a fresh auction record high of US$5631/t, says ASB senior rural economist Nathan Penny.
The outlook for the coming dairy season is positive with prices stable and lifting slightly, several economists say.
At least 7000 dairy livestock have been affected in the recent storms in Waikato and Bay of Plenty alone and hundreds of hectares of pasture and maize crops have been damaged, DairyNZ reports.