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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.
Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
Fonterra Co-operative Group has confirmed the independently assessed candidates standing for election to its board in 2026.
Fonterra has revised its Farmgate Milk Price forecast for the 2026/27 season, lifting the midpoint and narrowing the range on the back of improving global dairy commodity prices.
Outgoing Fonterra Co-operative Council chair John Stevenson says that it has been a privilege to represent the co-op's farmer shareholders.
When Northland leather worker Vernon Suckling started making horse saddles 50 years ago, quad bikes and side-by-side vehicles were unheard of.
Alliance Group has confirmed that eligible farmer-shareholders who supply and continue to back the business will receive up to $20 million later this year, following the strategic investment partnership with Dawn Meats.
With a general election under five weeks away, Rural News is asking major political parties about their policies and positions on key issues facing the primary sector. We will run their responses to each question over the next four weeks. The ACT Party and the Greens didn't respond in time.
The red meat sector is in great heart.
Dr Scott Champion, Foundation for Arable Research chief executive, says that everyone in the supply chain had a role to play in driving the sector's long-term success.
Entries opened on Monday, 5 October 2026 for the 2027 New Zealand Dairy Industry Awards (NZDIA), which organisers describe as the nation's biggest celebration of excellence in the dairy sector.
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