Susan Kilsby, agriculture economist at ANZ, points out that the New Zealand’s forecast returns at the farmgate level have lifted due to dairy commodity prices improving more quickly than expected and this upward trend in pricing is expected to continue into next season. Key Quotes “We have therefore revised our milk price forecast for the 2018/19 season to $6.30/kg milksolids (MS) (previously $6.10/kgMS). Our forecast for next season is now at a healthy $7.30/kg MS (up from $6.90/kgMS).” “The 2019/20 forecast is based on a weighted whole milk powder (WMP) price of USD2850/t for next season. This is approximately 5% lower than the current price. Next season’s forecast should be viewed with an air of caution due to the longer time horizon.” “Global growth is slowing, and if this trend is not arrested it could negatively impact demand for dairy commodities.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: CAPEX plans to provide further guidance on growth prospects – Westpac FX Street 4 years Susan Kilsby, agriculture economist at ANZ, points out that the New Zealand's forecast returns at the farmgate level have lifted due to dairy commodity prices improving more quickly than expected and this upward trend in pricing is expected to continue into next season. Key Quotes "We have therefore revised our milk price forecast for the 2018/19 season to $6.30/kg milksolids (MS) (previously $6.10/kgMS). Our forecast for next season is now at a healthy $7.30/kg MS (up from $6.90/kgMS)." "The 2019/20 forecast is based on a weighted whole milk powder (WMP) price of USD2850/t for next season. This is approximately 5%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
