Posts tagged "ANZ"

Another hit for NZ’s returns

[10 November/Otago Daily Times] The drop in New Zealand dollar during October was not enough to offset the decline in commodity prices resulting in a fifth consecutive monthly fall in the ANZ world commodity price index.  The 2.4% decrease in October was identical to September’s result. The annual growth rate in prices is down 5.6%...

Foodie tourism an opportunity for Kiwi exports

[24 October/The Country] Tourism and food and beverage exports delivered 62 percent of New Zealand’s export earnings in 2017. However, according to a report from ANZ and the MPI Economic Intelligence Unit, more could be done to link the two and lift earnings. The New Zealand Food & Agri Tourism Insights report showed that food...

Strong second-quarter GDP growth lessens case for RBNZ rate cut

[20 September/The Country] The New Zealand economy grew the most over in two years over the June quarter. The 1 percent quarterly GDP gain was not expected by the Reserve Bank. The NZ dollar reacted, increasing by over half a U.S. cent. Economists expected the Reserve Bank to review its official cash rate if growth...

NZ economy may not be as slow as business confidence suggests – for now

[17 September/Stuff] Statistics New Zealand will release figures on how fast the NZ economy grew in the three months to June 30 later this week. Increased farm production during autumn may have seen strong growth in the quarter, however any disappointment could lead towards an interest rate cut. Despite headlines of weak business confidence and...

Top economist moves to Manawatu

[26 June/Farmers Weekly] A capital gap in the primary sector has led a leading rural economist to make the move from bank to investment company. Con Williams was appointed as head of MyFarm’s newly formed investment research division. He attended Fieldays under the ANZ banner for the last time and said he suspected the work...

ANZ offers M. bovis assistance package

 [1 June/Dairy News] ANZ said it would provide an assistance package to help Mycoplasma-bovis affected cattle farmers. It is in response the Government’s announcement stating it would work with farming sector leaders to eradicate the disease. The package would help farmers meet their short term cash flow requirements. ANZ Bank’s Managing Director Commercial and Agri,...

Economy set to gain from 7 per cent drop in NZ dollar in just a month in a month

[21 May/NZ Herald] The New Zealand export sector and general economy looks likely to benefit from the 7 percent fall in the New Zealand Dollar relative to the U.S. dollar. A weaker local currency stimulates export earnings. In the case of Fonterra, the substantially lower NZD would be supportive for farmgate milk prices. ANZ Senior...

Fonterra milk price remains steady as prices hold at GDT

[20 February/The Country] After the recent GlobalDairyTrade auction, Fonterra’s farmgate milk price forecast for 2017/18 looked likely to remain intact. Whole milk powder prices rose by 0.3 percent which represented a fourth gain in a row since falling in December. According to economists, as the end of the season approaches and with 80 percent of...

US organics entrepreneur brings business boot camp to NZ

[24 October/ Buy Pure New Zealand Media Release] American Entrepreneur Gary Hirshberg is coming to New Zealand to help Kiwi natural and organics businesses learn how to create new markets for their products. Mr Hirshberg is the chairman and former CEO of Stonyfield Farm in New Hampshire, the world’s largest organic yoghurt company with more...

Deer a profitable option in hill country

[24 September/ Rural News Group] An ANZ agri-report published recently said although challenges are present from competing land use and a decrease in the national deer herd, the deer industry is well positioned to fulfil New Zealand’s goal to provide high-quality protein products to global customers. The report highlighted the industry’s continued tight livestock supply...

Demand pushes butter prices to record high

[8 June/ Otago Daily Times] Butter prices reached a record high of USD5631 per metric tonne in this week’s GlobalDairyTrade auction. Overall dairy prices lifted 0.6 percent, and the key whole milk powder price fell 2.9 percent. Anhydrous milk fat prices fell 1.2 percent from a record high. ASB Senior Rural Economist Nathan Penny said...

NZ beef, lamb and dairy prices on ‘reasonable’ footing

[8 May/ Otago Daily Times] ANZ agri-economist Con Williams said the headline ANZ commodity price index dropped 0.2 percent in April, driven lower by dairy, down 2.5 percent monthly, however the non-dairy component rose 1.2 percent over the same period. Ongoing weakness of the New Zealand dollar has added to local exporter returns, with local...

China key to wool sales

 [20 March/ Otago Daily Times] ANZ’s latest Agri Focus report says increased Chinese demand is necessary for a more sustained upturn in wool prices. New Zealand exports to China through the first half of 2016-17 were 37 percent below the same period last year. This result was due to lower end-product demand in Europe and...

NZ urged to hit back at synthetic products

 [17 December/ Otago Daily Times] According to ANZ’s latest Agri Focus Report, telling the story of New Zealand’s sustainable production system and naturalness would be critical in a world of increased competition from synthetic foods. Synthetic foods already under development included steak chips, burger patties, meatballs, hot dogs, sausages, meatless chicken strips, mayonnaise, bacon, milk,...

GDT dairy auction looks set for a ‘scramble’ to buy – ANZ

[5 September/ NZ Herald] ANZ Bank Rural Economist, Con Williams said this week’s Global Dairy Trade auction looked set for another scramble to secure product, creating further upward pressure for dairy prices. Mr Williams added that milk supply appeared to be tightening more quickly than expected due to a slow start to the New Zealand...

Fonterra holds forecast payout at $4.25

 [1 August/ Radio New Zealand] Fonterra had announced that its forecast milk price for the 2016/17 season has been held at $4.25 per kilogram milk solids with earnings per share also forecast to be in the range of 50 to 60 cents.  Chairman, John Wilson, said holding the forecast at the initial level announced in...

A million kilograms of milk solids future contracts traded in just 42 days

[11 July/ National Business Review] First NZ Capital Head of Derivatives, Mike McIntyre said the level of uptake for the NZX’s milk futures contracts has been encouraging, with the millionth kilogram of milk solids recently being traded. Mr McIntyre explained that farmers had embraced the contracts, having been familiarised with risk management tools under Fonterra’s...

Farmers keeping the bankers happy

[20 June/ Farmers Weekly] BNZ National Agribusiness Manager, Scott Wishart said the extent by which farmers were cutting costs was an encouraging sign for the economy. Mr Wishart added that it was good to see farmers budgeting to break even, after needing an extra $1 per kilogram of milk solids to break even last year....

Wine sales surging towards $2 billion

[18 June/ NZ Herald] The ANZ Agri-Focus report showed New Zealand wine sales reached 1.97 billion last year, with earnings having doubled in the past decade. ANZ Agri-Economist, Con Williams said the fashionable sauvignon blanc was driving New Zealand wine sales, making up 80 percent of the country’s exports. Mr Williams added that there was...

No cream from Fonterra with small lift in payout forecast seen

[20 May/ Business Day: NZ Farmer] Farmers, bank economists and industry observers have predicted the 2016-17 milk price forecast to be approximately $4.50 per kilogram of milk solids. ANZ Economist, Con Williams said any price under $5 per kilogram of milk solids would make it very difficult for businesses to make a return. Mr Williams...

Farmer survival turns on focus

 [16 April/ Otago Daily Times] According to ANZ’s Agri-Focus report, dairy farmers with a detailed understanding of their business would be in the best position to survive the industry’s downturn. Agri Economist, Con Williams said farmers faced the difficult challenge of minimising short term losses while not negatively effecting the long term productive capacity of...

Dairy must reset itself

[21 March/ NZ Farmers Weekly] The future of the dairy industry was the main topic of discussion at the New Zealand Agri Investment Week. ASB Economist, Nathan Penny said farmers would become more focused on what they could control, such as productivity, rather than capital gains. ANZ Agri and Strategy Manager, Ross Verry said dairy...

Commodities index shows stable signs

 [4 March/ Otago Daily Times] The ANZ commodity price index stabilised in February, as gains in beef and aluminium prices helped offset decreases in dairy prices. ANZ Agri Economist, Con Williams said some caution was still warranted as the majority of the price improvements were made up of a 10.4 percent increase in beef prices...

“Glass half full” $5 forecast for 2016-17 season

[26 February/ Business Day: NZ Farmer] ANZ Chief Economist, Cameron Bagrie said New Zealand dairy farmers could be in for another challenging season in 2016-17. ANZ lowered its forecast for this season to $3.90 per kilogram of milk solids, as well as lowering next season’s forecast to $5 per kilogram. Mr Bagrie said next seasons...