$8 final milk price likely
An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.
The global dairy price index dipped slightly overnight.
The Global Dairy Trade (GDT) price index was down 0.2% compared to the previous event.
However, whole milk powder price rose 2.1% to US$3,100/metric tonne.
Butter, AMF and skim milk powder prices finished lower than the previous auction.
Key results
• AMF index down 3.7%, average price US$5,061/MT
• Butter index down 3.4%, average price US$4,025/MT
• BMP not offered
• Ched index up 0.8%, average price US$3,857/MT
• LAC index down 3.7%, average price US$740/MT
• RenCas index down 8.1%, average price US$6,348/MT
• SMP index down 0.3%, average price US$2,478/MT
• SWP index not available, average price not available
• WMP index up 2.1%, average price US$3,100/MT
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.