Nathan Penny

Economists are upgrading their milk price forecasts again after a further recovery in global dairy prices at the latest auction

Economists are upgrading their milk price forecasts again after a further recovery in global dairy prices at the latest auction

Westpac economists caution that while the latest positive global dairy auction results are welcome, prices are still down by about a quarter over the past year

Westpac economists caution that while the latest positive global dairy auction results are welcome, prices are still down by about a quarter over the past year

Westpac economists say the milk price in the current season might be the lowest for eight years after adjustment for inflation

Westpac economists say the milk price in the current season might be the lowest for eight years after adjustment for inflation

The Government may pick up an extra $14.6 billion of debt over the next four years as the economic slowdown hits tax revenue

The Government may pick up an extra $14.6 billion of debt over the next four years as the economic slowdown hits tax revenue

ASB economist Nat Keall says the global dairy market is well supplied in the near-term, 'and it is difficult to see a catalyst for much strengthening in demand'

ASB economist Nat Keall says the global dairy market is well supplied in the near-term, 'and it is difficult to see a catalyst for much strengthening in demand'

Finance Minister Grant Robertson has been searching for savings as corporate tax revenue falls below Treasury forecast

Finance Minister Grant Robertson has been searching for savings as corporate tax revenue falls below Treasury forecast

Fonterra seen as having to lower its milk price forecast soon, as one major bank economist slashes his forecast price by over a dollar

Fonterra seen as having to lower its milk price forecast soon, as one major bank economist slashes his forecast price by over a dollar

ANZ economists expect a gradual lift in dairy commodity prices - but not before a large proportion of the new NZ season's supply has already been traded; they have cut their forecast milk price

ANZ economists expect a gradual lift in dairy commodity prices - but not before a large proportion of the new NZ season's supply has already been traded; they have cut their forecast milk price

Westpac economists bemoan our inability to export enough cheese at a time of soaring global prices and have downgraded their forecast for Fonterra's milk price this season

Westpac economists bemoan our inability to export enough cheese at a time of soaring global prices and have downgraded their forecast for Fonterra's milk price this season

Food prices should fall in 2023, but how can we prepare for more food-price shocks?

Food prices should fall in 2023, but how can we prepare for more food-price shocks?

Hawke's Bay apple exporter may have lost half its crop after region hard hit by Cyclone Gabrielle

Hawke's Bay apple exporter may have lost half its crop after region hard hit by Cyclone Gabrielle

Westpac's Nathan Penny and Satish Ranchhod report that rural cost inflation has boiled over and although it will come off the boil, it will simmer on for a while yet

Westpac's Nathan Penny and Satish Ranchhod report that rural cost inflation has boiled over and although it will come off the boil, it will simmer on for a while yet

Nathan Penny says, despite new pressures, improved meat processing capacity, falling shipping costs and the weak NZ dollar should boost farmgate meat prices over coming months

Nathan Penny says, despite new pressures, improved meat processing capacity, falling shipping costs and the weak NZ dollar should boost farmgate meat prices over coming months

Falling levels of milk production here and overseas should see milk prices start next season 'on the front foot', Westpac economists say

Falling levels of milk production here and overseas should see milk prices start next season 'on the front foot', Westpac economists say

Westpac economists say despite flagging population growth they are not expecting a housing 'oversupply situation'

Westpac economists say despite flagging population growth they are not expecting a housing 'oversupply situation'