Displaying items by tag: Nathan Penny

The back-to-fat story was reinforced at the latest GDT event with butter up 3.3% to a fresh auction record high of US$5631/t, says ASB senior rural economist Nathan Penny.

New Zealand’s three major export sectors- beef, lamb and dairy- may pass the $6/kg mark simultaneously at some stage this year, says ASB analyst Nathan Penny.

The rise of fats continues to play out as the GlobalDairyTrade (GDT) auction saw its second consecutive rise last week, says Rabobank dairy analyst, Emma Higgins.

Latin America may have been the unexpected cause of the GlobalDairyTrade (GDT) overall price index rising 1.7% last week against expectations, says ASB senior rural economist Nathan Penny.

Improved milk production in New Zealand has caused dairy prices to fall heavily overnight, says ASB economist Nathan Penny.

Better growing conditions over summer than during a bad spring is likely a factor in the dip of 3.2% in the GlobalDairyTrade auction last week, economists say.

Dairy markets remain finely balanced but with most of the season’s product sold, farmgate milk price is expected to hold above $6/kgMS.

Another year has almost passed us by – again – and it is time for the annual review of 2016 in the primary sector as seen by the Rural News editorial team.

Another year has almost passed us by – again – and it is time for the annual review of 2016 in the primary sector as seen by the Rural News editorial team.

Chinese national holidays could have affected last week’s Global Dairy Trade auction, in which the overall price index was down 3%, say economists.