Why?
OPINION: A mate of yours truly wants to know why the beef schedule differential is now more than 45-50 cents…
The forecast milk payout for this season has gone up by 40c and Fonterra farmers can thank Chinese consumers.
Farmers remain cautious and even wary – despite the sector having done reasonably well during the COVID-19 pandemic – according to the latest rural report from the BNZ.
While most of New Zealand’s economy has taken a hit in the wake of Covid-19, the country’s primary sector has had a resurgence of confidence.
Primary product prices will fall further this year but remain at reasonable levels before some improvement in 2021, according to BNZ senior economist Doug Steel.
Dairy prices were below expectations at last week’s Global Dairy Trade (GDT) auction, largely due to fat prices.
ASB bumped up its this season milk price forecast by 50c to $7.50/kgMS after last week’s 1.7% rise in the Global Dairy Trade.
Powders led the way for the 3.7% jump in the Global Dairy Trade last week with economists now looking at an upside to current milk price forecasts.
The latest survey of farmer confidence from Federated Farmers does not make pretty reading, says BNZ senior economic Doug Steel.
But it's not all doom and gloom.
OPINION: A mate of yours truly wants to know why the beef schedule differential is now more than 45-50 cents…
OPINION: Your canine crusader understands that MPI were recently in front of the Parliamentary Primary Sector Select Committee for an…