Posts tagged "ANZ"

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...

Divergence in rural property market

 [9 February/ Otago Daily Times] ANZ Chief Economist, Cameron Bagrie said farm sale activity continued to point towards a two-speed rural property market. Mr Bagrie said that dairy cash flow forecasts continued to flag continued financial stress into 2017, which would weigh on buyer expectations, but added that elevated vendor expectations, medium term confidence and...

Commodity exports down in December

[12 January/ Radio NZ Rural] ANZ Bank’s Commodity Price Index fell 1.8 percent in December, led by weaker prices for dairy, lamb and horticulture. The fall was partially offset by higher prices for forestry and aluminium. An increase in the New Zealand dollar during December also reduced earnings for producers. ANZ Rural Economist, Con Williams...

Dairy futures point to weak demand

[19 January/ NZ Herald] Futures pricing indicates dairy prices will flatten at the forthcoming GDT auction. OM Financial Dealer, Michael Peters said that weaker whole milk powder and skim milk powder future prices indicated the next auction could have a small decline. ASB said there was a chance of a small increase but added that...

NZ honey exports double on manuka demand

[6 January/ NZ Herald] According to Statistics New Zealand, honey exports more than doubled in November as the industry benefited from high demand for manuka honey. The value of honey exports increased to $27.4 million in November, from $13.6 million the same month a year earlier. The annual value of honey exports in the 12...

Five biggest rural lenders to conduct ‘stress test’

[11 November/ NZ Herald] The Reserve Bank has asked New Zealand’s top five rural lenders, ANZ, ASB, BNZ, Rabobank and Westpac, to conduct stress tests of their exposure to dairy farm debt. The central bank has also encouraged the five banks to set aside provisions to reflect a likely increase in problem loans to the...

Dairy shares dip after global auction registers another price fall

[17 April/ NZ Herald] The price of Fonterra Shareholders’ Fund units fell to their lowest point, $5.04, since listing after further falls in the latest GlobalDairyTrade auction. Wholemilk powder prices dropped 4.3 percent, to USD 2446 a tonne, and skim milk powder fell by 7.8 percent to USD 2253 a tonne. ANZ Rural Economist, Con...

Global dairy auction prices keep firming

[5 March/ NZ Herald] Dairy prices at the latest Global Dairy Trade (GDT) auction suggest that Fonterra will meet its expected $4.70/ kgms farm gate milk price for the current season. The GDT price index gained 1.1 percent from the previous auction held two weeks ago, its sixth consecutive gain. Whole milk power fell by...

ANZ extends assistance package for farmers

[13 February/ Rural News Group] ANZ will extend its assistance package to farmers if demand for assistance from farmers is high. The bank will commit an initial $50 million after an official announcement of a drought was declared by Parliament. ANZ Commercial & Agri Managing Director, Graham Turley explained that the package is designed to...

Drought adds urgency to irrigation and storage plans

[17 February/ NZ Herald] Current drought conditions are set to add urgency to proposed or ongoing water storage and irrigation schemes. Irrigation New Zealand Chief Executive, Andrew Curtis mentioned that this year’s medium-adverse rated drought highlighted what nor’wester conditions can do and the need to push projects through at a more rapid pace. Mr Curtis...