Displaying items by tag: westpac

Global dairy prices have fallen again and supply expectations out of New Zealand might be at play.

A banker has warned Fonterra to keep its navel gazing to a minimum.

Export commodity prices have started 2018 on a firm footing thanks in part to the buoyant global trade backdrop. 

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. 

The threat of a big drought is prompting Westpac to contact its farmer clients to see what help they may need.

Fonterra's forecast milk price of $6.75/kgMS is looking shaky, bank economists agree.

The number of dairy farms coming on the market is seen as a sign of confidence returning to the industry.

Last night’s Global Dairy Trade (GDT) auction was disappointing relative to market predictions, says Westpac senior market strategist Imre Speizer.

Many dairy farmers are taking advantage of this season’s better payout to regain some of the equity they lost in their farms during the previous two bad years.

Westpac analyst Michael Gordon says dairy prices may fall slightly over the year as global production bounces back from last year’s depressed levels.