Wednesday, 16 February 2022 08:52

Dairy prices continue to rise!

Written by Sudesh Kissun

font size decrease font size increase font size
Print
Email

The Global Dairy Trade auction saw its third consecutive rise.

New Zealand dairy farmers woke up today to more good news on the milk price front.

The overnight Global Dairy Trade auction saw its third consecutive price index rise of over 4%. The price index rose 4.2% compared to the last auction.

Whole milk powder prices, which form the basis of Fonterra’s milk price to farmer suppliers, jumped 4.2% to US$4503/MT – its highest level in over seven years.

The latest rise will put upward pressure on the forecast milk price.

Fonterra is forecasting a milk price range of $8.90 to $9.50/kgMS for this season, with a mid-point of $9.20.

The highest previous milk price paid by Fonterra was $8.40 in 2013-14 season.

Strong gains were also recorded in butter index (5.1%) and skim milk powder (6%).

More like this

Milk Powder Prices Prop Up Farmgate Milk Price

Milk Powder Prices Prop Up Farmgate Milk Price

Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.

Editorial: Punching Above Our Weight

Editorial: Punching Above Our Weight

OPINION: With 10,500 dairy farms, New Zealand continues to punch above its weight around the world.

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.

Fonterra Cuts 2026/27 Milk Price Forecast to $9.25

Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.

Czarnikow Launches Digital Milk Pricing Tool in NZ

New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.

Popular Reads

Ex-All Black Sam Whitelock Swaps Rugby for Dairy Farming

Returning to the family dairy farm after playing 20 years of professional rugby around the world is no easy task.

Agricultural Vehicle Rule Changes Welcomed by Rural Contractors NZ

Rural Contractors NZ says proposed changes to land transport rules for agricultural vehicles are a welcome response by the Government…

Fonterra CFO Andrew Murray Resigns

Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take up a role outside the dairy giant.

Breckenridge to Lead Lactalis Australia

Global dairy giant Lactalis has integrated its Australian operations with the Mainland Dairy consumer business it acquired from Fonterra earlier…

DGC Posts Record Goat Milk Payout of $14.56/kgGMS

Things are looking up in the dairy goat sector.

Featured

MastaPlex Names Dr Matt Dobbs Independent Director

Dunedin-based company MastaPlex, which provides on-farm mastitis diagnostic platform globally, has named a new independent director.

Importer: Fertiliser Security Policy Must Include All Players

An independent importer says National’s fertiliser security policy will only work if protects all players.

Tractor fires: Nests Behind Almost A Third of FMG Claims

Nesting birds are behind around $1.2 million worth of tractor fire claims every year, according to rural insurer FMG, which is urging farmers to check under the bonnet before starting work.

Ravensdown Named Canterbury A&P Show Sponsor

Having Ravensdown as the naming rights sponsor of the Canterbury A&P Show demonstrates their confidence in the show as a long-term venture, says Canterbury Agricultural and Pastoral Association (CAPA) board chair Sir David Carter.

Editorial: Red, Green or Orange?

OPINION: As election day looms, rural NZ seems to have pressed the pause button – held somewhat in limbo on an orange light.

Can Drones Destroy Hornet Nests?

Will drones be the answer to tackling the problem of wasp and hornet nests high up in trees and other inaccessible places?

National

DCANZ Urges Next Government to Back Dairy Export Growth

Dairy processors are ready to further boost New Zealand’s export earnings but want the incoming government to match their ambition…

Massey VC Says University Best Placed to Support Dairy

Massey University is best placed to solve the “problems” facing the dairy industry, says vice chancellor, Pierre Venter.

Synlait’s Longest-Serving Employee Joins Executive Team

Synlait's longest serving employee – a man who joined the Canterbury-based milk processor even before it began processing milk –…

LIC Chief Says BVD Eradication in NZ Is Within Reach

A dairy industry leader believes eradicating the common and costly disease, Bovine Viral Diarrhoea (BVD) is within reach.

$10/kgMS Milk Price Looks Possible as Powder Prices Climb

A farmgate milk price of $10/kgMS this season is firming up as milk powder prices soar and the New Zealand…

Machinery & Products

New Michelin Tyres for Slurry Tankers and Trailers

Global tyre manufacturer Michelin has extended its agricultural trailer tyre range, with the introduction of its new WorkxBib series, designed…

JCB Lifts Investment After Hydrogen Engine Milestone

Following the record-breaking success of its hydrogen-powered Hydromax, JCB is ramping up its investment in the business, key to the…

Stationary Mixing Tank Gets Job Done Quickly, Efficiently

During calf rearing, logistics can play an important role in getting the job done quickly and efficiently.

High-Volume Effluent Irrigation Made Simple

Having been on the market for over 10 years, the King Cobra K2 travelling raingun continues to be a popular…

Pichon Adds SV10R and SV14 to SV Slurry Tanker Range

French manufacturer Pichon has expanded its SV slurry tanker range with the launch of two new models.

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Not Out of the Woods Yet

OPINION: It seems Canterbury processor Synlait is still in the doldrums.

Peters Targets Fonterra

OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.

» eNewsletter