Nathan Penny
Economists are upgrading their milk price forecasts again after a further recovery in global dairy prices at the latest auction
18th Oct 23, 2:35pm
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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
20th Sep 23, 12:57pm
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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
22nd Aug 23, 2:47pm
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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
21st Aug 23, 2:48pm
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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'
16th Aug 23, 12:47pm
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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
4th Aug 23, 6:34am
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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
26th Jul 23, 1:13pm
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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
20th Jul 23, 12:04pm
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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
7th Jun 23, 2:56pm
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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?
6th Jun 23, 1:38pm
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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
24th Feb 23, 7:21am
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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
23rd Aug 22, 4:53pm
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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
26th Jul 22, 12:53pm
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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
7th Apr 22, 9:52am
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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'
22nd Feb 22, 10:54am
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Westpac economists say despite flagging population growth they are not expecting a housing 'oversupply situation'
'Perfect storm' could see dairy prices continuing at close to record levels for some time yet
16th Feb 22, 12:11pm
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'Perfect storm' could see dairy prices continuing at close to record levels for some time yet
Westpac economists are now forecasting a 'windfall' for farmers and pick the Kiwi dollar will get down as low as US66c next year
8th Dec 21, 2:06pm
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Westpac economists are now forecasting a 'windfall' for farmers and pick the Kiwi dollar will get down as low as US66c next year
The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
6th Oct 21, 11:58am
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The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
13th Sep 21, 10:35am
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Another big lockdown has once again changed the economic picture enormously, but GDP figures for the past quarter will still tell us some important things
The Covid Alert Level split between Auckland and the rest of NZ could see delays and shortages of goods in some parts of the country, Westpac economists say
6th Sep 21, 2:02pm
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The Covid Alert Level split between Auckland and the rest of NZ could see delays and shortages of goods in some parts of the country, Westpac economists say
Westpac economists trim their forecast for the milk price payout this season and say the outlook in global markets remains uncertain
5th Aug 21, 9:13am
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Westpac economists trim their forecast for the milk price payout this season and say the outlook in global markets remains uncertain
A further fall in global dairy auction prices - even after Fonterra cut back the amount of product it offered - has got economists questioning whether a $8 price for farmers can be achieved this season
21st Jul 21, 2:52pm
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A further fall in global dairy auction prices - even after Fonterra cut back the amount of product it offered - has got economists questioning whether a $8 price for farmers can be achieved this season
Westpac senior agri economist Nathan Penny says Fonterra's reduction of milk price forecast for the current season is 'anticlimactic'
26th May 21, 11:00am
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Westpac senior agri economist Nathan Penny says Fonterra's reduction of milk price forecast for the current season is 'anticlimactic'
The price lift for global meat prices Westpac expected back in March has come sooner and stronger than expected. With the vaccine rollouts going well, particularly in the US and UK, meat prices will peak higher than previously expected
14th May 21, 10:39am
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The price lift for global meat prices Westpac expected back in March has come sooner and stronger than expected. With the vaccine rollouts going well, particularly in the US and UK, meat prices will peak higher than previously expected
Westpac economists see buoyant dairy prices flowing through next season and have hiked their milk price forecast for next year by 75c to $8 per kilogram of milk solids
21st Apr 21, 3:50pm
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Westpac economists see buoyant dairy prices flowing through next season and have hiked their milk price forecast for next year by 75c to $8 per kilogram of milk solids