Displaying items by tag: Nathan Penny

Farmgate milk prices offered by processors continue to soar on the back of strong global demand for dairy products.

The stage is set for another rise in Fonterra’s forecast milk payout following a fifth straight jump in Global Dairy Trade (GDT) prices.

Recovery in global dairy demand is on increasingly solid ground, says Westpac senior agri economist Nathan Penny.

Demand for dairy will firm over the next two years as  the global economy rebounds from Covid, says Westpac senior agri economist Nathan Penny.

Dairy prices dipped last week after three consecutive rises but economist Nathan Penny, Westpac, says the dip is likely to be temporary.

An East-West Covid split is dictating global meat returns for New Zealand farmers.

Second waves of COVID-19 around the world continue to weigh on dairy prices, according to Westpac senior agri economist Nathan Penny.

Whole milk powder (WMP) prices are now sitting above pre-Covid-19 levels and New Zealand farmers can thank a resurging Chinese economy for that.

While the uncertainty caused by COVID-19 continues, ran has brought some drought relief over the past week, says ASB senior rural economist Nathan Penny.

Prolonged dry weather will have mixed effects on commodity prices, says ASB senior rural economist Nathan Penny.