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.
GlobalDairyTrade Event 162 concluded with the GDT price index up 3.8%, beating expectations.
The whole milk powder index lead the way, up 7.5%, to an average price US$2,156/MT.
Other results were: AMF index up 1.6%, average price US$3,240/MT; Butter index up 2.0%, average price US$2,746/MT; BMP index up 2.4%, average price US$1,460/MT; Ched index down 3.9%, average price US$2,636/MT; LAC index up 8.0%, average price US$708/MT; RenCas index up 7.5%, average price US$4,742/MT; SMP index up 0.3%, average price US$1,727/MT
ASB's rural economist Nathan Penny says the bank maintains it 2015/16 and 2016/17 milk price forecasts at $3.90/kg and $6/kg, respectively.
"We expect dairy prices to gradually trend up over the coming season as NZ (and later European) production responds to the current low prices and as Chinese import demand recovers," he says.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
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.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.