Economy

When it came to motivations for reducing meat consumption, “lack of affordability and health concerns are their key drivers”.

Costs have increased across the board, with interest leading the pack.

Inflation, interest rates and the repricing of risk all play a role.

NZ might have narrowly avoided recession in first quarter ‘so far’, economists say.

What if John King told you of a low-tech way to use a business overhead to create inventory and at the same time dodge inflation’s corrosive effects?

Prudent steps to cut borrowings in recent years give some bulwark against rising rates.

In 2022, BNZ forecast a recession for the second half of this year based on the Reserve Bank’s efforts to control inflation.

Aus parent company says operating conditions in NZ remain challenging.

Saving money on food remains a top priority for both high and low-income consumers in 2023, with many planning to spend less on premium, healthy, and sustainable products.

Cooling may not be enough to prevent another interest rate hike in May.

The increase was slightly above the 12% recorded in February.

Export earnings will be key if NZ heeds warning to return to economic fundamentals.

Stats NZ reports food prices overall were 12% higher in February than a year earlier, with grocery food the largest contributor.

Beef + Lamb NZ delivers bad news for farms due largely to inflation.

While New Zealanders are expressing real concern about the climate, though sentiment towards it is still dwarfed by inflation worries.

Finance expert says it’s all too clear that NZ has had no risk management plan for natural disasters.

Economist warns that cooling off for farm cost will be gradual.

Next year is when we will really know how sticky inflation is looking, says Cameron Bagrie.

The pace of change we’re experiencing right now is relentless and it’s often difficult to stay positive as each new thing comes along.

There is some evidence the Official Cash Rate is now rising, writes Cameron Bagrie.

Average mortgage interest rate has increased from 4.59% in May to 6.29%.

Performance well behind national average, survey finds.

Some regions are selling half as many properties as the same time last year.

KPMG exec says agri will become an election campaign battleground next year.

JUST when you thought there were enough things to trouble you and worry about, an old foe has reemerged from the woodwork.

The dairy sector is in a strong financial position thanks to booming dairy prices.

China's role as the biggest buyer of New Zealand’s primary products is under threat as its struggle with the United States for global preeminence reaches a new level of intensity, a top analyst believes.

BUYERS of dairy commodities on the Global Dairy Trade (GDT) platform have paused for breath after months of strong price rises, to consider the war in Ukraine and rapidly spreading stealth covid in China.

Anyone in the rural community wanting to cap the rise in interest rates or see the New Zealand dollar fall needs to be eyeing house prices.

Ravensdown chief executive Garry Diack says his greatest concern is the increased global demand for fertiliser arising due to the loss of Ukrainian crops this year.

A 10% Fall in the value of the New Zealand dollar (NZD) against the United States dollar (USD) over the past year has made substantial contributions to commodity prices, some of which has flowed down to the farm gate.

A 30-YEAR spike in New Zealand’s annual inflation rate is likely to be a precursor to what economist Cameron Bagrie calls a tectonic shift in global economics.

FARMERS can expect more volatility in their returns and expenses for the next 10 years as the world’s economy continues to grapple with the effects of covid-19.

IT APPEARS we have not seen the end of inflation, which has just hit a 30-year high.

Landowners wanting to capitalise on high commodity prices are likely to be behind a drop of almost 50% in farm sales for the three months ended December than for the same period a year before, Real Estate Institute of NZ rural spokesperson Brian Peacocke says.

While its farming customers worked over the Christmas-New Year holiday period for the majority of New Zealanders, PGG Wrightson’s share price rose by nearly 20%.