Displaying items by tag: ANZ
Kiwifruit sector set for growth — report
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.
Fonterra tipped to revise forecast
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.
Prices could soften if rain persists
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%.
WMP stands out in auction
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.
High payout put farmers in good position - banker
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.
More weight to fat story
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.
Prices stable, even rising
The outlook for the coming dairy season is positive with prices stable and lifting slightly, several economists say.
Thousands of cows shifted, dried off
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.
Bank’s assistance package for flood-hit farmers
ANZ has announced an assistance package to help the farming community affected by North Island flooding to get their farms and businesses back to full production.