LIC, ATM, SML- Why are these dairy stocks grabbing headlines?

Owing to the COVID-related restrictions, The Marlborough Wine and Food Festival which was being cancelled for the last two years, will now be held in 2023. MWE, DGL, and FWL are renowned NZX wine stocks.

Dairy prices fell for the fourth consecutive time in the global auction The GDT price index fell 5% This could lead milk companies to revise their forecasts

Thick fog blanketed Auckland this morning, many flights were cancelled, and restrictions have now been lifted. Air New Zealand to unveil its 2022 annual results later this month. Serko plans to organise its annual meeting in a hybrid mode.

The wages have lifted over the past year across New Zealand, with industries like manufacturing, healthcare, etc., having strong wage increases. Meanwhile, CVT, MFB, and KMD are renowned consumer stocks on NZX.

Prices of ready-to-eat and takeaways increased 4.4% to meet rising costs This is impacting the overall consumer price index RBD, a fast-food chain, has downgraded its profit guidance

New Zealand’s dairy sector is a big export earner It is a NZ$21.6-billion industry Recently, SML increased its forecast for the base milk price

The surging prices of petrol and high interest rates have taken a toll on NZ households. the cost of living for average household have grew 7.4% in June 2022. CVT, DGL, SAN are the consumer stocks discussed in this article.

Travel is picking up in NZ after a lull of two years Travel companies hope to recover some of their losses AIR NZ is putting more flights and using larger aircraft to deal with the backlog

New Zealand’s dairy sector is one of the largest export earners for the country It is adopting sustainable practices at a fast pace It has many developed technologies to increase on-farm productivity

Despite the pandemic and ongoing global woes, NZ has bagged the second spot on the Peace Index. SKO, THL, and AIR are well-known companies operating in the country’s tourism sector.