Displaying items by tag: Nathan Penny

Listed milk processor Synlait Milk has lifted its 2023-24 forecast milk price by 25c to $7.25/ kgMS.

A better than expected start to milk production in New Zealand has softened global dairy prices, says Westpac senior agri economist Nathan Penny.

Dairy prices ended a two-month golden run last week but it's not all bad news.

The worst of the current dairy price cycle may be over, claims Westpac senior agricultural economist Nathan Penny.

Dairy prices rose for the second successive Global Dairy Trade (GDT) auction last week, but the jury is still out on whether prices have turned a corner.

Have global dairy prices found a floor? Economists don't think so.

Farmers must wait until the next season to see a lift in farm profit margins, says Westpac senior agricultural economist Nathan Penny.

Latest data out of China isn't making good reading for New Zealand dairy farmers.

Dairy farmers are taking additional work off farm to keep up with rising interest costs and falling milk prices.

With just a week left in the 2022-23 season, economists agree that a final milk price around $8.30/kgMS is all but locked in.