Displaying items by tag: ASB

Onfarm cash income of farmers from all milk production this season will be under $4/kgMS, according to DairyNZ.

Golbal milk price recovery could be "slow and painful", with doubts now cast over when the turnaround may come in the next season.

ASB general manager rural Mark Heer has been appointed to the Dairy Women's Network board of trustees.

Dairy farmers are being urged to make their businesses resilient around a $5/kgMS payout for the next few years.

ASB has trimmed their price forecast by 50c, but maintains dairy prices will increase over 2016.

The GlobalDairyTrade price index lifted by 1.9% at the auction held overnight.

Opportunistic buyers taking advantage of low prices were probably behind last week's 3.6% overall rise in the GlobalDairyTrade (GDT), says Rabobank research analyst Emma Higgins.

While the lowest lamb crop in 60 years should support prices, the market is being swamped by other factors at present, says the ASB in its weekly commodities report.

ASB still expects dairy auction prices to rise over the season despite the GlobalDairyTrade price index falling 7.4% at the auction overnight.

Most of the major banks are predicting a drop between 4% and 8% – much higher than Fonterra's current forecast of a 2-3% fall.