Displaying items by tag: ASB

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.

Farmgate milk price forecasts by at least two banks, ASB and BNZ, have now been hiked upwards to $5/kgMS for the 2015-16 season.

ASB has lifted its milk price forecast to $5/kgMS for the season after GlobalDairyTrade (GDT) auction prices spiked higher for the third successive lift overnight, with the lift larger than expectations.

The 14.8% lift in the Global Dairy Trade overnight shows the circuit breaker that dairy markets have long needed is now in hand, ASB bank says.

THE ASB has revised its milk price forecast to $4.70/kgMS after prices in the GDT fell 3.1% overnight, with whole milk powder prices falling 5.1%

AFTER A 6% drop in the GDT this week, the ASB says the risks are increasingly of a payout on the downside of $5.80/kgMS.

THE ASB has held its milk price forecast at $5.80kg/MS for the 2014/15 season after a mixed bag in the overnight GDT auction.

ASB HAS revised down it milk price forecast for the 2014/15 season for the second time in less than a month to $5.80/kg of milk solids.

Four scholarships to support Maori youth who are considering farming careers are being offered by the ASB and the Poutama Trust.