$10 milk price still in sight despite global dairy markets softening
A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.
Dairy prices fell overnight in Global Dairy Trade (GDT) auction, reversing the lift in the previous event.
The GDT price index was down 2.6%, compared to the previous auction, which had seen a 2.7% lift in the price index.
Worryingly for farmers, there was a 1.7% fall in whole milk powder prices. Prices for AMF and butter were also down, falling by more than 5%.
Westpac economists note that although not a large decline, one possible explanation could be China’s weakening of its currency in response to the US-China trade war.
Key results
AMF index down 5.1%, average price US$5,246/MT
Butter index down 5.5%, average price US$4,165/MT
BMP index down 5.6%, average price US$2,405/MT
Ched index down 2.0%, average price US$3,838/MT
LAC index down 11.5%, average price US$767/MT
RenCas index down 1.3%, average price US$6,885/MT
SMP index down 1.6%, average price US$2,482/MT
SWP index not available, average price not available
WMP index down 1.7%, average price US$3,039/MT
Parliamentary Commissioner for the Environment Simon Upton is calling for cross-party consensus on the country's overarching environmental goals.
Changes to New Zealand’s postal service has left rural communities disappointed.
A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.
Alliance is urging its farmer-shareholders to have their say on the proposed $250 million strategic investment partnership with Dawn Meats Group.
To mark International Rural Women's Day on 15 October, Women in Horticulture (WiH) and United Fresh New Zealand Inc. are sponsoring the Inspiring Wāhine Conference 2025.
Farmers are welcoming the Government’s revised science-based biogenic methane targets for 2050.
OPINION: Dairy industry players are also falling by the wayside as the economic downturn bites around the country.
OPINION: Methane Science Accord, a farmer-led organisation advocating for zero tax on ruminant methane, will be quietly celebrating its first…