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.
Global dairy prices have risen for the first time in two months.
Last night’s Global Dairy Trade (GDT) auction price index rose 3.6% to an average price of US$3092/metric tonne.
The all-important whole milk powder price rose 3.2% to US$2985/MT.
Skim milk powder was one of the big gainers; average price rose 8.4% to US$2889/MT.
Key results
AMF index up 2.0%, average price US$3,910/MT
Butter index down 1.4%, average price US$3,282/MT
BMP not offered
Ched index up 7.2%, average price US$3,674/MT
LAC index down 2.7%, average price US$1,277/MT
SMP index up 8.4%, average price US$2,889/MT
SWP index not available, average price not available
WMP index up 3.2%, average price US$2,985/MT
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The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
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.
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