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Global dairy prices are continuing to rise. The overnight Global Dairy Trade (GDT) trade weighted index rose 14.2%, its eight straight gain.
Whole milk powder prices index was up 7% to US$5,100/tonne. Skim milk powder prices rose a staggering 28% to US$5142/tonne.
Analysts say traders are competing for a shrinking volume of milk powder in the face of the continuing impact of drought.
Fonterra last week increased its milk payout by 30c/kgMS.
Construction is underway at Fonterra’s new UHT cream plant at Edendale, Southland following a groundbreaking ceremony recently.
Canterbury milk processor Synlait Milk has lifted its forecast base milk price for the season by 50c to $10/kgMS.
Fonterra is set to convert two coal boilers to wood pellets at its Clandeboye site in South Canterbury, a crucial step in Fonterra's commitment to exit coal by 2037.
Last month marked one year since the launch of an innovative collaboration known as the PAUS Programme (Pay- As-You-Save), which has made it easier for Fonterra farmers to access next generation milk chilling technology.
Fonterra says it remains on track to meet its climate targets and be coal free in its North Island manufacturing.
New Zealand Food Safety (NZFS) is sharing simple food safety tips for Kiwis to follow over the summer.
Beef produced from cattle from New Zealand's dairy sector could provide reductions in greenhouse gas emissions of up to 48, compared to the average for beef cattle, a new study by AgResearch has found.
The Rabobank Rural Confidence Survey found farmers' expectations for their own business operations had also improved, with the net reading on this measure lifting to +37% from +19% previously.
Confidence is flowing back into the farming sector on the back of higher dairy and meat prices, easing interest rates and a more farmer-friendly regulatory environment.
Ham has edged out lamb to become Kiwis’ top choice for their Christmas tables this year.
Dairy Women’s Network (DWN) has announced real estate company Bayleys will be the naming partner for its 2025 conference.
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