EN 中文 DE FR عربى

ANZ Bank predicts robust farmgate milk price amid global market uptick

New Zealand 13.12.2023
Source: The DairyNews
949 EN 中文 DE FR عربى
ANZ Bank predicts robust farmgate milk price amid global market uptick
ANZ Bank is optimistic about a farmgate milk price of $7.70/kgMS for the current season, attributing the positive forecast to global market improvements and a weakened New Zealand dollar.

The projection aligns with the upper range of Fonterra's forecast and reflects growing confidence in the dairy sector, driven by factors such as the election of a new government promising regulatory reforms.

However, ANZ economist Susan Kilsby highlights the cautious spending behavior of the Chinese middle class, influenced by extended COVID lockdowns and uncertainties in the housing market, as a potential challenge to demand.

Key News of the Week
March 2025
  • Mo
  • Tu
  • We
  • Th
  • Fr
  • Sa
  • Su
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
Calendar