NZ commodies record biggest price rise in 22 years

The New Zealand Herald has a story about how the ANZ Commodity Price Index rose 6.8% in September – its largest monthy price gain in 22 years.  However, most of that gain was wipped out by the rise in the New Zealand dollar. Dairy prices recorded the biggest gain, up 17%, while sawn timber (7.2%) and wool prices (5.3%) [...]

NZ dairy futures taking shape

The New Zealand Herald has a story about how the first global dairy futures market being established by the New Zealand Stock Exchange (NZX) will cement the country’s position as a leader in the industry. However, there is concern that some dairy farmers won’t be financially literate enough to use or understand how the markets work. There [...]

How low dairy prices are impacting NZ Farmers

The Agence France-Presse (AFP) has a story about the impact the global decline in dairy prices is having on New Zealand  farmers. The story includes comment from Federated Farmers chairman Lachlan McKenzie and DairyNZ economist Matthew Newman: Eighteen months ago milk was being called white gold in New Zealand but dreams of riches have since [...]