Economic Weekly: Eyeing up a little more cream

  • In good news for dairy farmers, Fonterra has upgraded its milk price forecast for the 2021 dairy season to a range of $5.90-$6.90/kg of milk solids, from its initial $5.40-$6.90/kg range.
  • The bounce in prices at the last auction would certainly justify an upward revision if it is sustained.
  • And Fonterra’s own media release pointed to encouraging signs that Chinese dairy demand is recovering.

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Mark Smith

Senior Economist

Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.

His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.

Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.

Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.

When not at work Mark likes to travel, keep fit and spend time with his friends and family.