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
Tuesday, 11 September 2018 12:55

Payout under threat

With dairy prices down nearly 13% below levels of a year ago, this adds to the downside risk to Fonterra’s newly minted $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.

Published in General News

Fonterra's $7/kgMS opening milk price is at the top end of the range seen by market followers and analysts.

Published in General News
Tuesday, 24 April 2018 14:55

Small rise in payout on the cards

Economists are optimistic of a small rise in this season’s farmgate milk price.

Published in General News
Wednesday, 14 March 2018 08:55

$6.50kgMS payout still possible

The GDT auction last week was close to expectations, and even included a slightly positive surprise with a 5.5% jump in skim milk powder prices, says BNZ senior economist Doug Steel.

Published in General News
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