Commodity prices dip again The ANZ World Commodity Price Index dipped again in October, extending its run of monthly losses to seven stretching back to March. Overall, it was down […]
exchange rates
Economic week - 23 September
Fonterra’s result Fonterra’s annual results for the year ending 31 July 2022 confirmed a 2021/22 farmgate milk price of $9.30 per kgMS, a record high, and a normalised profit after […]
Economic Week - 9 September
Sheep numbers up a little but outlook uncertain. Beef+Lamb New Zealand’s annual Stock Number Survey has shown a small increase in sheep but a decline in beef cattle. There were […]
Economic Week - November 5
Commodity prices set new record. Commodity prices hit new a record high in October, according to ANZ World Commodity Price Index. The World Price Index lifted 2.1% in October compared […]
Economic Week - October 29
Fonterra milk price good news for farmers and for New Zealand. With the 2021/22 season well underway, Fonterra has increased and narrowed its forecast farmgate milk price to $7.90-$8.90 per […]
Economic Week - October 8
OCR increased. After holding off in August, the Reserve Bank did what it had been widely expected to do, this week lifting the Official Cash Rate from 0.25% to 0.50%. […]
Economic Week - August 13
Farmers have done well but outlook uncertain. The results are out for Federated Farmers’ July 2021 New Season Farm Confidence Survey. Most farmers were doing well due to good market […]
Economic Week - August 6
Have commodities peaked? Having posted record highs in recent months, commodity prices slipped in July. The ANZ World Commodity Price Index was down 1.4% compared to June. Dairy was the […]
Economic Week - July 30
Supermarkets under the spotlight. The Commerce Commission this week released a hard-hitting draft report on competition in the retail grocery sector, with supermarkets not coming out of it well. The […]
Economic Week - July 23
GDT down again. Dairy prices slipped again at this week’s Global Dairy Trade auction, its seventh consecutive fall stretching back three over three months. Overall, the GDT Price Index was […]
