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Nathan Penny

The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
6th Oct 21, 11:58am
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The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
13th Sep 21, 10:35am
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Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
The Covid Alert Level split between Auckland and the rest of NZ could see delays and shortages of goods in some parts of the country, Westpac economists say
6th Sep 21, 2:02pm
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The Covid Alert Level split between Auckland and the rest of NZ could see delays and shortages of goods in some parts of the country, Westpac economists say
Westpac economists trim their forecast for the milk price payout this season and say the outlook in global markets remains uncertain
5th Aug 21, 9:13am
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Westpac economists trim their forecast for the milk price payout this season and say the outlook in global markets remains uncertain
A further fall in global dairy auction prices - even after Fonterra cut back the amount of product it offered - has got economists questioning whether a $8 price for farmers can be achieved this season
21st Jul 21, 2:52pm
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A further fall in global dairy auction prices - even after Fonterra cut back the amount of product it offered - has got economists questioning whether a $8 price for farmers can be achieved this season
Westpac senior agri economist Nathan Penny says Fonterra's reduction of milk price forecast for the current season is 'anticlimactic'
26th May 21, 11:00am
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Westpac senior agri economist Nathan Penny says Fonterra's reduction of milk price forecast for the current season is 'anticlimactic'
The price lift for global meat prices Westpac expected back in March has come sooner and stronger than expected. With the vaccine rollouts going well, particularly in the US and UK, meat prices will peak higher than previously expected
14th May 21, 10:39am
by Guest
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The price lift for global meat prices Westpac expected back in March has come sooner and stronger than expected. With the vaccine rollouts going well, particularly in the US and UK, meat prices will peak higher than previously expected
Westpac economists see buoyant dairy prices flowing through next season and have hiked their milk price forecast for next year by 75c to $8 per kilogram of milk solids
21st Apr 21, 3:50pm
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Westpac economists see buoyant dairy prices flowing through next season and have hiked their milk price forecast for next year by 75c to $8 per kilogram of milk solids
Westpac economists raise their farmgate milk price forecast to $7.90, while ANZ economists lift their pick to $7.70; both prices are well ahead of Fonterra's own forecast
3rd Mar 21, 12:49pm
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Westpac economists raise their farmgate milk price forecast to $7.90, while ANZ economists lift their pick to $7.70; both prices are well ahead of Fonterra's own forecast
Rebounding global demand is primed to send global meat prices higher over 2021. Meanwhile, global meat supply will struggle to keep up with demand. The main constraint on farmgate prices this year will be a strengthening NZ dollar
19th Feb 21, 12:06pm
by Guest
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Rebounding global demand is primed to send global meat prices higher over 2021. Meanwhile, global meat supply will struggle to keep up with demand. The main constraint on farmgate prices this year will be a strengthening NZ dollar
Fonterra may have to look at increasing its milk price forecast for farmers as global dairy prices continue to climb
20th Jan 21, 3:51pm
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Fonterra may have to look at increasing its milk price forecast for farmers as global dairy prices continue to climb
Westpac economists have had their first go at picking the milk price for farmers in 2022 and they are picking exactly the same price as for this year
18th Nov 20, 1:37pm
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Westpac economists have had their first go at picking the milk price for farmers in 2022 and they are picking exactly the same price as for this year
Westpac senior agri economist Nathan Penny says the tourism, seafood and export education sectors plus gold kiwifruit exports are most at risk if our trade relationship with China was to change
8th Oct 20, 9:36am
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Westpac senior agri economist Nathan Penny says the tourism, seafood and export education sectors plus gold kiwifruit exports are most at risk if our trade relationship with China was to change
Westpac's senior agri economist Nathan Penny says latest dairy auction results are consistent with a milk price of $6.50 for the current season, though he cautions that it is still early days yet
16th Sep 20, 10:20am
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Westpac's senior agri economist Nathan Penny says latest dairy auction results are consistent with a milk price of $6.50 for the current season, though he cautions that it is still early days yet
Westpac's senior agri economist Nathan Penny says Covid has been the 'key driver' in the reduction in the price premium of milk fat over protein
2nd Sep 20, 11:57am
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Westpac's senior agri economist Nathan Penny says Covid has been the 'key driver' in the reduction in the price premium of milk fat over protein
Recent global auction results are offering economists encouragement that Fonterra will be able to achieve a return to farmers in the 2020/21 season at the upper end of the co-operative's forecast
22nd Jul 20, 2:42pm
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Recent global auction results are offering economists encouragement that Fonterra will be able to achieve a return to farmers in the 2020/21 season at the upper end of the co-operative's forecast
Farmers might have to prepare for a return of under $6 per kilogram of milk solids in the forthcoming season
6th May 20, 3:35pm
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Farmers might have to prepare for a return of under $6 per kilogram of milk solids in the forthcoming season
The twin threats of coronavirus and drought are putting different kinds of pressure on dairy prices
20th Feb 20, 11:15am
The twin threats of coronavirus and drought are putting different kinds of pressure on dairy prices
A price of around $7.50 per kilogram of milk solids is still seen as likely for Fonterra farmers, with the sharp falls in auction prices seen as being a glitch
18th Dec 19, 10:43am
A price of around $7.50 per kilogram of milk solids is still seen as likely for Fonterra farmers, with the sharp falls in auction prices seen as being a glitch
Further gains in global dairy prices are prompting economists to push up their milk price forecasts higher and higher - with a $7.50 per kilogram of milk solids price now looking eminently achievable
20th Nov 19, 2:02pm
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Further gains in global dairy prices are prompting economists to push up their milk price forecasts higher and higher - with a $7.50 per kilogram of milk solids price now looking eminently achievable
Further gains in global dairy prices are increasing the chances of a Fonterra milk price of over $7 per kilogram of milk solids this season
6th Nov 19, 2:34pm
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Further gains in global dairy prices are increasing the chances of a Fonterra milk price of over $7 per kilogram of milk solids this season
Despite the fairly flat outcome in the latest GlobalDairyTrade auction, economists are increasingly optimistic of a strong milk price return for farmers this season
16th Oct 19, 12:51pm
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Despite the fairly flat outcome in the latest GlobalDairyTrade auction, economists are increasingly optimistic of a strong milk price return for farmers this season
Economists are concerned that Treasury hasn't incorporated recent slowing economic conditions in its forecasts and this could see the Government get into trouble in future years with its spending plans
30th May 19, 2:58pm
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Economists are concerned that Treasury hasn't incorporated recent slowing economic conditions in its forecasts and this could see the Government get into trouble in future years with its spending plans
Economists' takes on how a wellbeing focus, slowing economic growth and tight debt targets will affect Budget 2019
30th May 19, 7:33am
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Economists' takes on how a wellbeing focus, slowing economic growth and tight debt targets will affect Budget 2019
Bank economists say the global dairy prices and outlook are pointing to a farmgate milk price in excess of $7 per kilogram of milk solids in the new season
22nd May 19, 12:50pm
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Bank economists say the global dairy prices and outlook are pointing to a farmgate milk price in excess of $7 per kilogram of milk solids in the new season