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For two decades, NZX Agrifax has provided transparency in the primary sector, with information offerings relied upon by a diverse audience including economists, banks, farmers and the media.
NZX Agrifax was established in 1987, when the demand for pricing data and commentary in the meat industry became strong. Today, NZX Agrifax data coverage spans right across Zealand’s primary industries including lamb, beef, forestry and dairy.
The dairy industry in particular has seen impressive growth over the last 20 years, accounting for over 20% by value of all New Zealand exports. NZX Agrifax has been the most accurate of all analysts with Fonterra payout predictions over the past three seasons, and provides monitoring and commentary on the New Zealand dairy industry with the NZX Agrifax Dairy Report and its associated Dairy Index.
Today, Fonterra announced an increase in its forecast payout to dairy farmers for the current season, from $4.15 to $4.35, a result of high commodity prices and strong market demand.
The NZX Agrifax Dairy index was created to measure the growth and return of the New Zealand dairy industry. With continued high commodity prices playing a major part, the NZX Agrifax Dairy Index gained a further 13 points in April to finish at 1040.
NZX Agrifax Business Manager Rachael Cross said, “As with the capital markets, pricing and information transparency are essential to enable true market confidence, stability and growth in the primary sector.
“For the last 20 years NZX Agrifax has provided this transparency, and we will continue to develop new and better ways to provide an informed picture of the evolving New Zealand agricultural sector.”
