NZ lamb prices lift; weak demand likely to weigh on future returns
By Tina Morrison Oct. 10 (BusinessDesk) - New Zealand lamb meat prices advanced last month on lower supplies but analysts expect the uplift will be temporary due to weak demand in the UK market, where around two thirds of the country's lamb legs are exported. The benchmark...
NZ wool prices mixed amid weak, volatile demand
By Tina Morrison Oct. 7 (BusinessDesk) - New Zealand wool prices were mixed at the latest weekly auction amid targeted buying, as demand remains soft so far this season. The price for 25-micron merino wool at yesterday's South Island auction advanced to $11.30 per kilogram...
NZX milk futures fall below Fonterra forecast as traders bet on downward revision
By Tina Morrison Oct. 7 (BusinessDesk) - New Zealand milk price futures have fallen below Fonterra Cooperative Group's current farmgate payout forecast as traders doubt a sharp gain in prices can be sustained. The NZX milk futures contract for the 2016/17 season hit a recor...
Eroad shares bounce higher after company says stock price didn't reflect its value
By Tina Morrison Oct. 6 (BusinessDesk) - Shares in Eroad bounced from a record low after the logistics and fleet management company said its stock price didn't reflect the underlying value of the business. The Auckland-based company's stock hit $1.45 yesterday, the lowest...
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