Coronavirus concern hits dairy prices

Coronavirus concern hits dairy prices
Margreet Dietz
Dairy prices fell for the second straight time at the Global Dairy Trade auction amid concern about the spreading coronavirus. “The fall in dairy prices could trigger a round of downward revisions to analysts’ dairy payout forecasts, with the bottom of Fonterra’s current $7.00 to $7.60 range in their sights,” Bank of New Zealand interest rate strategist Nick Smyth said in a note. “We currently project $7.40, but subject to downward reassessment,” Smyth added.The GDT price index dropped 2.9 percent from the previous auction two weeks a...

More Primary Sector

Pāmu narrows profit forecast, expects record year
Primary Sector

Pāmu narrows profit forecast, expects record year

Its record year was foreshadowed last month. 

Riley Kennedy 24 Jul 2025
Beefed-up tariffs on Brazil no threat to NZ’s pricing
Primary Sector

Beefed-up tariffs on Brazil no threat to NZ’s pricing

NZ is a high-value premium producer of beef, as opposed to Brazil.

Riley Kennedy 24 Jul 2025
Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
Global meat demand surges, but NZ’s supply is lagging
Primary Sector

Global meat demand surges, but NZ’s supply is lagging

It could be costing NZ hundreds of millions of dollars in lost export revenue.

Riley Kennedy 23 Jul 2025