Insolvency Statistics – August 2014 Market Commentary Dairy prices are back in the news and they aren’t making NZ farmers happy. Prices are dropping due to increased production overseas (ironically on the back of high prices last season) and from China stockpiling. So, all of a sudden, the world is over supplied. Perhaps, Fonterra ... read more.
Insolvency Statistics – July 2014 Market Commentary New Zealand recorded a $1.4 billion current account surplus in the March quarter according to NZ Statistics. The results were strengthened by meat and dairy exports. Fonterra seem keen to spend more money with an announcement that a new dairy hub costing $342m would be developed in ... read more.
Insolvency Statistics – June 2014 Market Commentary World dairy prices have hit a 15 month low with Fonterra signalling a forecast milk price for 2014/2015 of NZ$7/kg and that, it has warned, might be revised further downwards. This was gloomy news for farmers indeed and will no doubt have them questioning why Fonterra has ... read more.
Insolvency Statistics – May 2014 Market Commentary Despite the OCR rise, and more on the way which will start to cause problems for those with high lending, house prices remain high. Some commentators are suggesting a drop while others are hedging their bets. Certainly, the number of houses sold was lower in April than ... read more.
Insolvency Statistics – April 2014 Market Commentary The construction industry is still booming with consents, particularly in Auckland and Christchurch, reported to be up. Meanwhile, world dairy prices took a dive. News that hard pressed farmers will not have enjoyed. Those with greater borrowing will also have been dreading the OCR increase which finally ... read more.
