increase font size
ANZ agri economist Susan Kilsby.
When dairy prices are down, it's normally linked to oversupply of products but global milk supply isn't the problem this time.
ANZ agri economist Susan Kilsby says global milk supplies have been growing at a very modest pace over the past 12 months, so additional milk has not been the catalyst for the weaker prices.
"Looking forward, global milk supplies are likely to tighten further as the low milk prices result in less feed inputs, particularly in countries where cows are housed and therefore feed is their major operating cost.
"There are already anecdotal reports of smaller farms going out of business, particularly in regions where the cost of producing milk is very high, such as China.
"Therefore, over the next 12 months we could actually see a fall in global milk supplies," Kilsby says.
New Zealand's milk output is generally trending lower.
There will continue to be significant seasonal variations, given pasture production is largely determined by the weather, Kilsby notes.
"El Nino is forecast to occur this year, which could deliver a long, hot summer. That would curb dairy production, particularly in non-irrigated regions," she says.
Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.
OPINION: Groundswell has given ANZ a shout-out for, so far, being the only one of the big four Aussie-owned banks not to set emissions reduction targets for its dairy sector loan book.
Major rural lenders are welcoming a call by farmers for the Commerce Commission to investigate their net-zero emissions target.
ANZ agricultural economist Susan Kilsby is describing the 2024-25 dairy season as ‘a cracker’.
ANZ says the latest cut to its floating rates will be welcome news to many of its business and agri customers still feeling the effects of high inflation and interest rates.
The Primary Production Select Committee is calling for submissions on the Valuers Bill currently before Parliament.
Horticulture New Zealand (HortNZ) says that commercial fruit and vegetable growers are getting ahead of freshwater farm plan regulations through its Growing Change project.
Lucidome Bio, a New Zealand agricultural biotech company was recently selected as one of fourteen global finalists to pitch at the Animal Health, Nutrition and Technology Innovation USA event in Boston.
Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.
The DairyNZ Farmers Forum is back with three events - in Waikato, Canterbury and Southland.
To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.
OPINION: Last week's announcement of Prime Minister’s new Science and Technology Advisory Council hasn’t gone down too well in the…
OPINION: At its recent annual general meeting, Federated Farmers’ Auckland province called for New Zealand to withdraw from the Paris…
