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Displaying items by tag: Nathan Penny
After 2019’s record highs, farmers should expect less spectacular NZ commodity prices this year, says ASB senior rural economist Nathan Penny.
ASB rural economist Nathan Penny says the bank sees an upside to last week’s milk price forecast from Fonterra.
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.
Lamb prices have cracked the $8/kg mark for the second successive year and things could get even better.
New Zealand beef exports to China are booming, thanks to trade tensions and a disease outbreak in China’s pork industry.
Sheep farmers are in for another year of solid returns, says ASB’s senior rural economist Nathan Penny.
Soaring butter prices may see next season’s milk price go beyond $7/kgMS – even as high as the mid sevens.
Lamb prices look set to bottom out just below $7/kg as the end of the season nears, according to ASB senior rural economist Nathan Penny.