$8 final milk price likely
An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.
The Global Dairy Trade (GDT) price index has risen for the ninth consecutive time.
Last night’s GDT auction saw the price index rise 0.8% to UIS$3483/metric tonne. GDT’s price index hasn’t seen a price drop since November last year.
A decline in milk production among key producing global regions is keeping prices up.
However, the flagship whole milk powder price was down 1.35 to US$3287/MT.
Butter prices saw another big jump- 5.8% to US$5374/MT. Skimmed milk powder was up 1.8%.
Key results
AMF index up 3.7%, average price US$5,867/MT
Butter index up 5.8%, average price US$5,374/MT
BMP index up 5.0%, average price US$3,548/MT
Ched index up 3.2%, average price US$4,248/MT
LAC index down 5.3%, average price US$948/MT
RenCas index up 7.5%, average price US$6,703/MT
SMP index up 1.8%, average price US$2,468/MT
SWP index not available, average price not available
WMP index down 1.3%, average price US$3,287/MT
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.