Displaying items by tag: westpac

A resurging Chinese economy is helping boost returns for New Zealand dairy farmers.

Expect more of the same as dairy prices on Global Dairy Trade (GDT) broke a two-month drought and posted an increase last week.

Second waves of COVID-19 around the world continue to weigh on dairy prices, according to Westpac senior agri economist Nathan Penny.

Whole milk powder (WMP) prices are now sitting above pre-Covid-19 levels and New Zealand farmers can thank a resurging Chinese economy for that.

Dairy prices overall were up slightly in last night’s Global Dairy Trade auction.

There was a silver lining to the fourth straight drop in global dairy prices last week: demand in China is recovering.

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.