NZ dairy sector optimism jumps to 9-year high, Rabobank says

Tue, 20 Sep 2016

By Edwin Mitson Sept. 20 (BusinessDesk) - Two-thirds of dairy farmers have told agri-lender Rabobank they expect conditions to improve as the jump in commodity prices at recent auctions flows through to sentiment. The response from the sector in the Rabobank Rural Confidence Survey is the highest result since October 2007, with 67 percent of dairy farmers more optimistic. Rabobank New Zealand's general manager for country banking, Hayley Moynihan, said the survey reflected a feeling that the market for dairy had gone past the bottom....

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