Displaying items by tag: ASB

Agriculture is in a sweet spot, says ASB rural economist Nathan Penny.

Westpac senior analyst Anne Boniface says fears of tighter international supplies, particularly for whole milk powder, helped dairy prices squeeze higher in the first few Global Dairy Trade auctions of 2018. 

‘A season to remember’ and ‘a profitable year for all sectors’: economic forecasters have a rosy outlook for the year.

The country's second-largest milk processor has revised its forecast milk payout for the season as dairy prices soften.

A “hint of conservativeness” can be detected in Fonterra’s updated forecast on the farmgate milk price last week, says ASB’s senior rural economist Nathan Penny.

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.

Fonterra's forecast milk price of $6.75/kgMS is looking shaky, bank economists agree.

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%.

The butter boom is rolling on, says ASB senior rural economist Nathan Penny.

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.