$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.
Global dairy prices have recorded their second big drop in two weeks.
The GDT price index was down 2.9% compared to their previous event two weeks ago.
Whole milk powder price dipped 2.6% and is now below the US $3000/MT mark.
The consecutive drops in GDT prices are attributed to uncertainty surrounding coronavirus and its impact on the Chinese economy.
Key results
AMF index down 5.5%, average price US$4,379/MT
Butter index down 3.9%, average price US$4,090/MT
BMP not offered
Ched index up 5.3%, average price US$4,526/MT
LAC index not available, average price US$822/MT
RenCas index down 0.9%, average price US$9,873/MT
SMP index down 2.6%, average price US$2,840/MT
SWP index not available, average price not available
WMP index down 2.6%, average price US$2,966/MT
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
Horticulture NZ chief executive Nadine Tunley will step down in August.