NZ Dairy Industry & Global Commodity Prices
Fonterra Hikes Forecast Despite Volatility
Fonterra maintains a positive outlook, citing strong demand from SE Asia and China, despite mixed results in the latest GDT auction. Analysts warn that rising shipping costs could temper payout expectations. (Read full article)
EU Milk Supply Tightens, Supporting Butter Futures
Poor autumn weather across key EU producing regions is limiting milk collection, providing underlying support to global butter and fat prices, helping offset soft demand in some protein segments. (Read full article)
Latest Global Dairy Trade (GDT) Summary
| Product | Avg Price (USD/MT) | Change (%) | Seller A (Sim) | Seller B (Sim) |
|---|---|---|---|---|
| WMP (Whole Milk Powder) | $3,250 | +1.8% | $3,260 | $3,240 |
| SMP (Skim Milk Powder) | $2,800 | -0.5% | $2,790 | $2,810 |
| Butter | $6,500 | +2.1% | $6,480 | $6,520 |
| AMF (Anhydrous Milk Fat) | $7,550 | +1.5% | $7,550 | $7,540 |
| Cheddar | $4,200 | +0.9% | N/A | $4,200 |
NZ Financial Markets
NZ Mortgage Rates (1-Year Fixed)
| Bank | Rate (%) |
|---|---|
| ANZ | 7.29% |
| BNZ | 7.39% |
| Westpac | 7.35% |
| Kiwibank | 7.25% |
Swap Rates: 2-Year 5.45% | 5-Year 5.05%
RBNZ Signals Extended Rate Pause
The Reserve Bank's latest commentary suggests that the Official Cash Rate (OCR) will remain higher for longer, cooling immediate hopes for 2024 cuts, pushing bond yields slightly higher. (Read full article)
NZX 50 Drags on Tech Sector Slump
The benchmark NZX 50 index saw minor losses, predominantly driven by poor performance in local technology and growth stocks, while energy and infrastructure firms offered resilience. (Read full article)
CFO Tools & Frameworks
Generative AI Revolutionizes FP&A Planning Cycles
New frameworks allow CFOs to integrate Gen AI into financial planning and analysis (FP&A), predicting scenarios and accelerating budget cycles from weeks to days. Case studies show a 40% efficiency gain. (Read full article)
Mandatory Climate Reporting: CFOs Prepare for IFRS S2
A practical guide for Chief Financial Officers outlining the necessary internal controls and data infrastructure required to meet incoming IFRS S2 climate-related disclosure standards. (Read full article)
Beyond Zero-Based Budgeting: Introducing Dynamic Resource Allocation
Thought leadership piece suggesting that ZBB is outdated for modern agile enterprises, proposing Dynamic Resource Allocation (DRA) linked to real-time performance metrics. (Read full article)
BlackRock Strategy: Wei Lei on AI
Wei Lei: The Shifting AI Infrastructure Race
BlackRock's Chief Strategist Wei Lei discusses how bottlenecks in advanced semiconductor supply are driving strategic investments in niche chip manufacturers and specialized cooling technologies, redefining the AI infrastructure race. (Read full article)
Enterprise AI Adoption: Where is the Value Captured? (Wei Lei)
Wei Lei argues that the next phase of AI investment returns will shift from foundational model providers to enterprise adopters capable of successfully integrating and monetizing AI tools within core business processes. (Read full article)