Dairy

Big gain in dairy product prices

Big gain in dairy product prices

Dairy product prices posted the biggest gain in five months in this week's GlobalDairyTrade auction as international dairy prices remain very high.

Cash cows to boost economy

Cash cows to boost economy

The dairy sector is now rivalling the construction sector in boosting economic growth for the coming year, BNZ economist Doug Steel says.

Dairy driving terms of trade higher

Dairy driving terms of trade higher

New Zealand's terms of trade are expected to hit a 40-year high later this year thanks to surging world dairy prices.

High dairy prices lead recovery

High dairy prices lead recovery

High dairy prices helped push the country's terms of trade measure up in the three months ended March, with economists now predicting the measure will spike 7% in the June quarter.

Drought cost offset

Though the widespread drought has caused milk production to plummet and resulted in a record sheep and beef kill, economists have signalled the net cost to the economy could be ''close to zero'' - thanks to global dairy price increases.

Milk powder auctions providing dairy outlook buoyancy

Dairy prices continued to accelerate in the latest GlobalDairyTrade auction, as dry conditions in the North Island squeeze milk production.

Demand for dairy despite DCD scare

Moves by Fonterra and the Ministry of Primary Industries following the agrichemical scare appear to have largely assured markets that New Zealand dairy products are safe, Westpac economist Nathan Penny says.

Dairy prices continue to increase

Dairy prices have continued a good start to the year, increasing 1.1% on a trade-weighted basis in the GlobalDairyTrade auction this week.

Trade deficit continuing to widen

Trade deficit continuing to widen

Dairy exports lifted strongly in November but that was not enough to stop a further deterioration in New Zealand's merchandise trade figures.

Dairy exports to China up 27% for 10 months

New Zealand dairy exports to China for the 10 months to October have virtually matched full-year 2011 exports, with two months still to go.

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