$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.
After eleven consecutive rises, the Global Dairy Trade (GDT) price index dropped in the overnight auction.
The GDT price index dropped 1.2% over the previous auction to US$3414/metric tonne; the last drop was in November 2018.
Whole milk powder price index was also down 2.1% to US$3180/MT.
Butter also suffered a 3.2% swing, with the average price at US$5297/MT.
Key results
AMF index down 1.4%, average price US$6,140/MT
Butter index down 3.2%, average price US$5,297/MT
BMP not offered
Ched index up 15.2%, average price US$4,851/MT
LAC index up 0.6%, average price US$893/MT
RenCas index up 5.1%, average price US$6,916/MT
SMP index up 0.5%, average price US$2,529/MT
SWP index not available, average price not available
WMP index down 2.1%, average price US$3,180/MT
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.