Displaying items by tag: Doug Steel

A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.

Following several years of pain, farmers and growers are facing a decent upswing in commodity prices, say economists.

A record farmgate milk price for Fonterra shareholders is all but confirmed for this season.

Despite last week’s drop in global dairy prices, consensus is emerging among economists that the season’s milk price will end up near $9/kgMS.

In BNZ's Rural Wrap report, senior economist Doug Steel looks at milk price forecast and outcomes.

Farmgate dairy and beef prices are improving but lamb prices remain weak, according to the latest BNZ Rural Wrap.

Global dairy prices are clawing back lost ground and farmers may need to thank the weather gods for this.

Dairy prices are showing little sign of a rebound, says BNZ senior economist Doug Steel.

OPINION: In 2009 former coach Sir Steve Hansen coined the infamous phrase “flush the dunny” after the All Blacks gave a poor, yet winning performance against Italy.

Prices fetched by New Zealand's primary produce are facing clear downward pressure as economic conditions deteriorate offshore.