Displaying items by tag: economy

Fonterra doesn't believe it will take much to change the global dairy market, but it expects very little change this year.

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.25%.

Global dairy prices are unlikely to start rising until later this year, weighed down by European production and global economic uncertainty, says Fonterra chairman John Wilson.

While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

The world economy has veered into difficult and dangerous waters, suggesting 2016 will be a long hard year of slow recovery in prices in global food commodity markets, including dairy.

Analysts are now picking a dairy price recovery by the end of the year. Haven't they said that for the last three years?

Federated Farmers says today's signing of the TPP is a significant milestone for the New Zealand economy.

Ian Proudfoot, head of agribusiness at KPMG, gives his predictions for 2016.

The drop in the forecast farmgate milk price from Fonterra will reduce overall dairy revenues by a further $800 million, says DairyNZ.

A drop in fresh milk prices by 14% contributed to food prices falling by 1.3% in the year to December 2015, Statistics New Zealand says.