Displaying items by tag: BNZ

Chinese national holidays could have affected last week’s Global Dairy Trade auction, in which the overall price index was down 3%, say economists.

Last week's GlobalDairyTrade result indicates China is back in the market and New Zealand supply is tightening, says Doug Steel, BNZ senior economist.

BNZ has announced its plans to make a cornerstone 17% investment in cloud-based farm accounting software provider, Figured Ltd.

Financial institutions could lead climate change response before science, says Insurance Council of NZ chief executive Tim Grafton.

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.

Farmers should expect “something around $5.00/kgMS” when Fonterra this week announces its opening forecast for the new season.

The importance of people, and the knowledge they hold, to New Zealand's agricultural success has been highlighted in a new award for the Lincoln University Foundation's South Island Farmer of the Year competition.

The recent decline in the NZD, low interest rates, a good breaking of the drought, plus good dairy prices have left farmers in good heart at this year's national Fieldays, says BNZ chief economist Tony Alexander.

Milk production will be boosted up by at least 6% next season, but meat production will take longer to recover from the drought, the BNZ forecasts in its Rural Wrap.