When will global milk production hit a tipping point?
With global milk prices falling, the question is when will key exporting countries reach a tipping point where production starts to dip.
The Global Dairy Trade (GDT) auction overnight saw little change in dairy prices.
The GDT price index rose 0.2% compared to the previous auction.
Whole milk powder price was down 0.2% and skim milk powder up 2.7%.
Key results
AMF index unchanged, average price US$4,997/MT
Butter index down 0.2%, average price US$4,125/MT
BMP index up 6.7%, average price US$2,670/MT
Ched index down 3.4%, average price US$3,717/MT
LAC index up 1.8%, average price US$784/MT
RenCas index up 0.7%, average price US$6,683/MT
SMP index up 2.7%, average price US$2,674/MT
SWP index not available, average price not available
WMP index down 0.2%, average price US$3,141/MT
For more than 50 years, Waireka Research Station at New Plymouth has been a hub for globally important trials of fungicides, insecticides and herbicides, carried out on 16ha of orderly flat plots hedged for protection against the strong winds that sweep in from New Zealand’s west coast.
There's a special sort of energy at the East Coast Farming Expo, especially when it comes to youth.
OPINION: The latest reforms of local government should come as no surprise.
The avocado industry is facing an extremely challenging season with all parts of the supply chain, especially growers, being warned to prepare for any eventuality.
Rural recycling scheme Agrecovery is welcoming the Government's approval of regulations for a nationwide rural recycling scheme for agrichemicals and farm plastics.
Despite a late and unfavourable start, this year’s strawberry crop is expected to be bountiful for producer and consumer alike.
OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
OPINION: Are the heydays of soaring global demand for butter over?