NZ household food waste falls again
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
Whole milk powder saw a small lift of 1.6% to US$3278/tonne at last week’s GDT auction despite the small decline in overall prices of 1.6%, says Emma Higgins, from RaboResearch.
This is the highest average price since May 2017, she says.
“Contract periods out across the new season’s flush were in positive territory and New Zealand product is still trading at a premium to EU and US sourced whole milk powder (WMP).”
Confirmation by Fonterra that milk collections for February 2018 were lower by 4% would have helped this result.
The major drivers dragging overall results down were weaker skim milk powder (SMP) prices and a sharp decline in anhydrous milk fat pricing.
“Yet while the average SMP price dropped by -1.8% to US$1849/tonne there is price support for NZ SMP, which remains at a premium to most European sourced SMP offered.”
The northern hemisphere peak will put pressure on prices and there is a risk of higher feed prices globally. This will turn down production pressure over the close of 2018 and into 2019.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
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