Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

Sheep farmers are in for another year of solid returns, says ASB’s senior rural economist Nathan Penny.

Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.

Was last week’s 3.4% drop in the Global Dairy Trade overall price index a warning sign or a temporary dip? Economists are divided.

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.