Displaying items by tag: Nathan Penny

Dairy prices are falling on the back of weakening global demand for milk products but so is milk supply.

Westpac senior agricultural economist Nathan Penny expects prices to remain elevated as global supply remains very tight.

Dairy prices are expected to recover more lost ground, says Westpac senior agri economist Nathan Penny.

Successive drops in global dairy prices mean the next season's opening milk price forecast is being trimmed back.

Global dairy prices are retreating as Omicron takes hold in more Chinese cities, disrupting the world's biggest market.

The Omicron outbreak in China that sent 400 million residents into lockdown is behind the latest drop in dairy prices, analysts say.

Fear of a possible Russian invasion of Ukraine is the latest factor behind the surge in global dairy prices.

Last week's rise in global dairy prices has further boosted the chance of a record-breaking $9 milk price for the season.

Red meat prices are continuing their golden run on the back of tight global supply.

With dairy prices on the rise, how far can Fonterra go with its forecast milk price rises this season?