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.
The Global Dairy Trade (GDT) auction overnight delivered its third consecutive positive result.
Average prices were up 1.9% compared to the previous auction.
Whole milk powder prices lifted 2.2% to US$2829/metric tonne.
Key results
AMF index up 0.8%, average price US$3,993/MT
Butter index down 1.0%, average price US$3,597/MT
BMP not offered
Ched index up 1.4%, average price US$3,631/MT
LAC index up 0.4%, average price US$1,290/MT
SMP index up 3.1%, average price US$2,609/MT
SWP index not available, average price not available
WMP index up 2.2%, average price US$2,829/MT
National’s pledge to introduce 19 new national standards shows the party is serious about getting Wellington out of farming, Federated Farmers says.
The National Party’s policies to make it easier to grow fresh vegetables, secure reliable water and energy and simplify farm planning are practical changes that will give growers the confidence to invest, according to Horticulture New Zealand (HortNZ).
Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take up a role outside the dairy giant.
A major move is about to get underway to improve the quality and viability of dairy beef and cattle in NZ.
Veterinarians say changes to the code of welfare for dairy cattle provides a positive foundation for improved cattle welfare across the country.
Today, 15 October, is the International Day of Rural Women, which recognises rural women’s contribution to farming, communities and the environment.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.