Lamb prices look set to bottom out just below $7/kg as the end of the season nears, according to ASB senior rural economist Nathan Penny.

Conditions are in place for the start of a new dairy price cycle, says ASB senior rural economist, Nathan Penny.

Milk production is continuing to boom.

Strong milk production in New Zealand is putting downward pressure on global dairy prices.

A big reduction in European stocks of skim milk powder (SMP) was behind its whopping 10.3% rise in price at last week’s auction, economists concur.

The gap is closing between 2019 season and 2018 season prices, says ASB senior rural economist Nathan Penny.

New Zealand commodity prices are likely to feel downward pressure over the year, says ASB senior rural economist Nathan Penny.

Economists aren't too excited about last week’s 2.2% overall lift in the Global Dairy Trade price index.

With production up 6.5% on last year for the peak of the season, a downward adjustment in Fonterra’s milk price will not be surprising, says BNZ senior economic Doug Steel.

Lamb prices have moved from a boil to a simmer, according to ASB Commodities Weekly report.