Displaying items by tag: BNZ

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.

Lamb prices hit an all-time high of $8.60/kg early last month.

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: If you borrow money from the bank, it holds a grip (‘death pledge’) over you.

Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.

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.

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.

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

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