Returns lift, costs down - DairyNZ
The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
Dairy prices are continuing their good run in 2019.
The overnight Global Dairy Trade (GDT) auction price index rose 4.2% compared to the previous auction.
The first auction of 2019 on January 2 was up 2.8%.
Whole milk powder price was up 3% overnight to US$2,777/MT.
Key results
AMF index up 3.2%, average price US$5,294/MT
Butter index up 4.6%, average price US$4,262/MT
BMP not offered
Ched index up 4.2%, average price US$3,504/MT
LAC index up 7.9%, average price US$1,032/MT
RenCas index down 1.4%, average price US$5,047/MT
SMP index up 10.3%, average price US$2,405/MT
SWP index not available, average price not available
WMP index up 3.0%, average price US$2,777/MT
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
OPINION: We have good friends from way back who had lived in one of our major cities for many years.
Listed Canterbury milk processor Synlait’s shares have been placed in a trading halt.
OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.
A step-by-step guide helping farmers through the process of creating a Freshwater Farm Plan (FWFP) has been launched by FarmIQ.