Rural news

6 Feb 16, 12:02pm
Chris Green responds to the RBNZ's criticism of 'some commentators advocating mechanistic rate cuts'; says RBNZ seeing inflationary ghosts and has systematic upward bias; ignoring rise in real interest rates and tightening relative to other central banks
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5 Feb 16, 2:45pm
ANZ slashes its Fonterra milk price forecast to $3.95; warns farmers will have to wait until 2017/18 for their cash flows to get out of the red
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4 Feb 16, 10:56am
AFFCO shines as it gains support from farmers by focusing on efficiency and market success, winning it additional quota allocation
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3 Feb 16, 1:04pm
Governor says will interpret 1-3% inflation target flexibly in defiant speech; says won’t be ‘mechanistic’ about cutting rates just because CPI inflation below 1-3% target; Auckland still a financial stability risk
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3 Feb 16, 11:42am
The Weekly Dairy Report: El Nino appears a fizzer as dairy prices get worse at auction
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3 Feb 16, 11:11am
PM says 15% dairy price fall this year linked to lower oil prices, which helps consumers; says RBNZ will be monitoring dairy prices; says no need to exclude foreign land buying from TPP as NZ can still impose big taxes on buyers, but no plans to for now
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3 Feb 16, 11:04am
Statistics NZ reports unemployment rate of 5.3% in December, down from 6%; But participation rate lower; Annual wage inflation only 1.5%
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3 Feb 16, 8:22am
Fonterra's recently revised milk price forecast is under pressure after global dairy prices sank a further 7.4%
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2 Feb 16, 9:48am
The Sheep, Deer and Cattle Report: Feed growing in dry areas but so is demand for replacement store stock
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1 Feb 16, 10:38am
Synlait follows Open Country, Westland and Fonterra by advising a revised and sharply lower forecast milk payout for the current season
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1 Feb 16, 7:54am
Japan adopts a negative rate; US growth slows; Wall Street jumps; Swiss finds huge fraud at 1MDB; HSBC imposes hiring & pay freeze; UST 10yr yield 1.92%; gold and oil up again; NZ$1 = 64.8 USc, TWI-5 = 70.5
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29 Jan 16, 5:24pm
Receivers put 1235ha dairy farm milking 2500 cows up for sale by international tender
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29 Jan 16, 12:32pm
Bernard's Top 10: The losers are revolting; China's capital flight; The big invoicing scam; China's impossible trinity vs US$3 trln of reserves; The winner-takes-all economy; How Robots will drive interest rates lower; Clarke and Dawe
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28 Jan 16, 9:04am
Fonterra concedes that a reduction in the forecast milk price payout this year will be 'very tough' on its farmers
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28 Jan 16, 9:03am
RBNZ holds OCR at 2.5% as expected; says “some further easing may be required” as headline inflation track is now lower than forecast in Dec; says Auckland still a financial stability risk
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28 Jan 16, 8:43am
Allan Barber notes the market fundamentals for sheepmeat are very fragile and unlikely to improve in the short term; there are even question marks over the long term
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27 Jan 16, 1:56pm
The Weekly Dairy Report: Good January rains but the global market needs less supply not more
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27 Jan 16, 9:13am
Keith Woodford calls on NZ dairy farms to wake up to what is happening with A2 milk. Despite the NZ science base, local farmers have missed the boat and the economic benefit
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26 Jan 16, 4:42pm
Westland lowers pay-out indication as global dairy prices predicted to remain low, chops 75c/kgMS off previous estimate
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26 Jan 16, 2:23pm
The Sheep Deer and Cattle Report: Excellent rains for the dry areas changes feed prospects but sheep market still gloomy
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