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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.
South Island dairy farmers will soon be able to supply organic milk to Fonterra.
Global dairy prices continue to rise despite ample supply from key milk producing countries including New Zealand.
Entries have opened for two awards in the New Zealand Dairy Industry Awards (NZDIA) programme, aimed at helping young farmers progress to farm ownership.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
The Government has announced that ACC will be a sponsor of this year's FMG Young Farmer of the Year competition.
As veterinary student numbers grow to help address New Zealand's national workforce shortge, Massey University's School of Veterinary Science is inviting more veterinary practices to partner in training the next generation of vets.
South Island dairy farmers will soon be able to supply organic milk to Fonterra.
Norwood has announced the opening of a new Tasman dealership at Richmond near Nelson next month.
Buying or building a rural or semi-rural property? Make sure you know where the wastewater goes, says Environment Canterbury.
With collars on more than seven million cows worldwide, Nedap says its standalone launch into New Zealand represents world-leading, reliable and proven smart technology solutions for dairy farmers.
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