Displaying items by tag: westpac

Dry weather around New Zealand could restrict milk supply and squeeze global dairy prices higher, says Westpac’s senior economist Michael Gordon.

OPINION: Your old mate can’t believe the gall of the NZ big banks crying about their ‘reduced’ profitability this year.

Demand for New Zealand dairy products should remain solid despite China’s mixed economic outlook, says Imre Speizer, Westpac.

The rise in global dairy prices could be partially attributed to demand from China, says Westpac market strategist Imre Speizer.

OPINION: If you borrow money from the bank, it holds a grip (‘death pledge’) over you.

Dairy prices fell overnight in Global Dairy Trade (GDT) auction, reversing the lift in the previous event.

Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

Dairy prices continued to edge higher in last night’s Global Dairy Trade (GDT) auction with the aggregate price index up 0.4%.

Slowing economic activity in China isn’t affecting that nation’s appetite for dairy products.

A big reduction in European stocks of skim milk powder (SMP) was behind its whopping 10.3% rise in price at last week’s auction, economists concur.