Ann: GENERAL: NZX: NZX launches step-change in dairy forecasting

• Release Date: 01/10/14 09:34
• Summary: GENERAL: NZX: NZX launches step-change in dairy forecasting
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					NZX
01/10/2014 09:34
GENERAL

REL: 0934 HRS NZX Limited

GENERAL: NZX: NZX launches step-change in dairy forecasting

1 October 2014

NZX launches step-change in dairy forecasting

Two online tools designed to provide better insights into New Zealand milk
production and farmgate milk prices have been launched by NZX Agri.

The tools, a Milk Production Predictor and a Farmgate Milk Price Calculator,
have been developed by NZX and Massey University with funding support from
Callaghan Innovation.

The Milk Production Predictor is aimed at global dairy market participants
for whom a better understanding of future levels of New Zealand milk
production is vital. The tool predicts NZ milk production over the next 3
months by utilising advanced modelling and input from the NZX Agri data team.
This ground-breaking tool is available during October at an introductory
price of $199 per month.

The Farmgate Milk Price calculator is designed to help farmers understand
better the relationship between GlobalDairyTrade prices and their milk solids
payout. The free-to-access calculator means there's no more waiting to
understand how the latest GDT auction price affects NZ farmers. Users can
toggle between the seasonal and snapshot calculators to build a better view
on what's around the corner.

NZX CEO Tim Bennett commented. "Both these tools represent a step-change in
dairy forecasting. As the operator of the Dairy Futures Market, we have built
these tools to help create more transparency in the marketplace - good
information is valuable for the dairy sector."

"Continued growth in the farming sector means the NZX Agri team are
constantly expanding the range of information and data NZX provides to the
sector to help support business decision-making."

Massey University Vice-Chancellor Steve Maharey commented: "After more than
80 years leading the research and teaching behind New Zealand's successful
agricultural science, food production and agri-business models, the
university is very pleased to assist with the development of new tools that
aid farmers, agrifood businesses and investors in the sector.

"We are constantly working with industry to grow the New Zealand economy,
enhance our nation's reputation for excellence in agrifood and develop
smarter ways of succeeding on the world stage. This is a prime example of a
partnership delivering excellent results with potential benefits for an
entire industry sector."

For more information or to use the tools please visit: agrihq.co.nz/toolbox

Background information:

- Milk Production Predictor - models New Zealand milk production three months
in advance, with forecasts based on climate, pasture growth and cow numbers.
This is a subscription-based tool.

- Farmgate Milk Price Calculator - allows registered users to calculate their
farmgate milk price based on either a spot GDT price, or assumed seasonal GDT
price allowing for assumptions around price weightings.

- NZX Agri is the agri-information division of NZX. It produces a portfolio
of agricultural publications and market intelligence reports alongside its
industry-leading website agrihq.co.nz

- Massey University is uniquely placed to support NZX in the development of
the dairy data tools. It brought together expertise from Massey Business
School, including leaders in finance and business analytics, and the College
of Sciences, including leaders in pastoral dairy production and agribusiness
management. This expertise enabled data sets to be analysed in an appropriate
and precise way and provided the best results for NZX, New Zealand farmers
and international traders of milk product. Massey is New Zealand's No 1
University in Finance and Agriculture. It ranks 19th in agriculture in the
world Quacquarelli Symonds' subject rankings

- Callaghan Innovation is a New Zealand Crown Entity that accelerates the
commercialisation of innovation by firms in New Zealand

For further information or to arrange an interview please contact:

Nicholas Handley
Agri Data Manager - NZX Agri
E: [email protected]
T: 06 323 0767
M: 027 313 5880

Julian Gairdner
Head of Digital - NZX Agri
E: [email protected]
T: 06 323 0144
M: 027 521 3338
End CA:00255936 For:NZX    Type:GENERAL    Time:2014-10-01 09:34:37