Next week’s OCR call. Next Wednesday the Reserve Bank will review monetary policy settings, including the official cash rate. It’s the first review since 24 November and a lot has happened in the three months since. The economy has been overheating, with inflation high and likely to go higher and unemployment rock bottom. All the […]
food prices
Managing pesticide resistance threat
Pesticide resistance is a serious challenge for the farming sector – decreasing its ability to manage pests and diseases such as Blackspot (apples), powdery mildew (a fungal disease affecting a wide range of plants), diamond back moth and weeds affecting ryegrass. Farmers, industry and government all have a part to play to manage it. Farmers […]
Suppliers need a fairer deal
With the Commerce Commission’s market study into the retail grocery sector drawing to its conclusion, Federated Farmers is calling for a fairer deal for suppliers. As a representative of food producers (and consumers), Federated Farmers is keen to ensure that the retail grocery sector is competitive. It’s concerning but perhaps not surprising that the Commission […]
Fonterra lifts farmgate price, food prices down
by Nick Clark, Federated Farmers Manager General Policy Fonterra lifts payout forecast Fonterra has lifted its farmgate milk price forecast for the current 2020/21 season to a range of $7.30-$7.90 per kgMS with a midpoint of $7.60. This is up from its previous range of $6.90-$7.50 and midpoint of $7.20. Fonterra said its milk price […]
Economic Week - February 19
by Nick Clark, Federated Farmers Manager General Policy Seven in a row Continued strong demand from China saw dairy prices increase again in this week’s Global Dairy Trade auction. The GDT Price Index was up 3.0% compared to the previous auction a fortnight ago. All six commodities on offer increased in price, led by whole […]