Fonterra’s decision to lift its 2012-13 payout forecast by 25c from $5.25kg of milksolids to $5.50 could pump an additional $400m into the dairy sector. It follows a 17.7% lift in average dairy commodity prices since August 1 and Fonterra CEO Theo Spierings says the co-op’s forecasting anticipates global dairy prices are likely to move […]
Archive for December, 2012
The Govt believes the oil and gas sector represents one of NZ’s best opportunities for economic growth. Production royalties could quadruple if levels of exploration can be increased. Discovery of a “second Taranaki” could see GDP rising 1.7% for each year of a 30-year development.
Survival has been the name of the game for most Govts round the world in 2012. In such a context NZ has come through a challenging year in better shape than many. Critics say the Govt hasn’t done enough to exploit the country’s competitive advantage, yet it has pulled NZ through without the kind of […]
What a year. National, re-elected on a platform of selling shares in state owned enterprises, got shares in Mighty River Power onto the markets and the first wave of a popular capitalism programme got under way…hang on…it didn’t quite come off.