![]() This is slightly below dairy giant Fonterra's revised forecast, with a midpoint of $6.75 per kilogram of milk solids. Our grassfed organic whole milk takes milk to a whole new level. It is increasingly likely ASB will adjust its forecast for the next milking season from $7 per kilogram of milk solids, made at the start of the season, down to $6.60 per kilogram of milk solids. Follow along for Horizon happenings, product news, and recipes. "We are in a cycle and things will get better, but it's really hard to pick exactly when the turning point is going to come," Keall said. Interest rates were expected to remain high for the next year too - with the debt servicing burden at its highest in years, Keall said.ĪSB said it would support its agri-business customers, and urged them to contact their banker if concerned. "As prices fall, fewer farmers produce and therefore you get a bit of tightening of supply and prices start to move up again." ![]() What we've seen is that commodity prices lately have continued to ease just as the economy there has weakened and demand's weakened. "China sneezes and everybody else catches a cold. Enjoy low warehouse prices on name-brand Milk & Milk Substitutes products. Find a great collection of Horizon Milk & Milk Substitutes at Costco. Horizon, Organic Low-fat Milk, 8 oz, 18-Count. Horizon Organic Reduced Fat Milk has 4. A lot of that has to do with what's happening in China, it's obviously such a major trading partner for us," Keall said. Horizon, Organic Whole Milk, 8 oz, 18-Count. "It's going to be a pretty challenging period. Jersey cows heading down the race for milking on the West Coast, New Zealand Photo: Air West Coast Ltd/ 123rfĪ challenging year ahead for New Zealand agri-business is predicted in a new rural banking report.ĪSB's rural quarterly report, Sleepless in Shanghai, said weak Chinese demand was pushing global commodity prices down further - especially for dairy, red meat and forestry.įorestry prices were in a rut, and global dairy prices were down more than 40 percent from peaks in early 2022, the report said.ĪSB was anticipating a reduction in dairy and meat supply, as many farmers fell below the break-even point, ASB economist Nat Keall said.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |