Displaying items by tag: Nathan Penny

A weaker New Zealand dollar may help offset the decline in Global Dairy Trade prices, but the reasons behind the lower dollar are more significant to dairy, says Rabobank dairy analyst Emma Higgins.  

Economists are optimistic of a small rise in this season’s farmgate milk price.

Butter prices look like making another strong run, says ASB senior rural economist Nathan Penny.

Agriculture is in a sweet spot, says ASB rural economist Nathan Penny.

Westpac senior analyst Anne Boniface says fears of tighter international supplies, particularly for whole milk powder, helped dairy prices squeeze higher in the first few Global Dairy Trade auctions of 2018. 

‘A season to remember’ and ‘a profitable year for all sectors’: economic forecasters have a rosy outlook for the year.

The country's second-largest milk processor has revised its forecast milk payout for the season as dairy prices soften.

A “hint of conservativeness” can be detected in Fonterra’s updated forecast on the farmgate milk price last week, says ASB’s senior rural economist Nathan Penny.

A fall of 3.4% in the overall GDT Event price index last week was the fourth consecutive fall and prices are now at eight-month lows.

The butter boom is rolling on, says ASB senior rural economist Nathan Penny.