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.

Published in General News
Tuesday, 14 May 2019 10:27

Optimism for the new season

The Global Dairy Trade (GDT) price index rose just 0.4% last week, but positive indicators will maintain market optimism for the new season, says BNZ senior economist Doug Steel.

Published in General News
Thursday, 18 April 2019 07:55

Mixed signals — despite high prices

The rural property market is lacking ‘zing’ despite high primary product prices and low interest rates, says BNZ’s agribusiness report Rural Wrap.

Published in General News
Tuesday, 12 March 2019 10:31

$7-plus payout could be on the cards

The farmgate milk price could possibly rise beyond $7/kgMS in the 2019-20 season.

Published in General News
Tuesday, 12 February 2019 08:55

Prices rise more and sharper

Dairy prices extended and quickened their ascent at last week’s GDT auction and were stronger than anticipated, says BNZ senior economist Doug Steel.

Published in General News
Thursday, 07 February 2019 10:39

More milk means lower prices

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

Published in General News
Thursday, 07 February 2019 09:47

Too many eggs in China's basket?

China's market share of NZ’s primary exports is material and raises the issue of concentration risk, says BNZ rural economist Doug Steel.

Published in General News
Wednesday, 06 February 2019 10:55

Bank picks flat prices for 2019

Global prices for our primary products are likely to be flat this year but prices may rise for some products, says BNZ rural economist Doug Steel.

Published in General News
Tuesday, 27 November 2018 11:03

Milk price cut ‘will not surprise’

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.

Published in General News
Tuesday, 25 September 2018 13:55

Price slump pressures $6.75 payout

The Global Dairy Trade had its eighth consecutive fall last week putting more downward pressure on Fonterra’s $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.

Published in General News
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