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Andrew Hoggard
Despite a smaller rise in the global dairy price index last week, farmers will be happy, says Federated Farmers Dairy chairman Andrew Hoggard. He says farmers were hoping for another big rise, similar to the previous two auctions but this did not eventuate.
“At least the price index is rising,” he told Dairy News.
The most recent auction saw prices rise while volumes dropped; Fonterra’s GDT price index climbed 1.1%, with an average selling price of US$3374/tonne.
A total of 22,094 tonnes was sold at the latest auction, falling 3.8% from the previous one.
However, the price rise for Fonterra’s flagship product, whole milk powder (WMP), was down 1% to US$3241/tonne.
Fonterra last month held the 2014-15 milk payout at $4.70/kgMS. And the co-op says WMP prices must reach US$3500/t by April to sustain the $4.70/kgMS payout forecast.
After tumbling late last year, milk powder prices are now rising; GDT prices for whole milk powder have risen 45% and skim milk powder prices 13%.
Fonterra chairman John Wilson says the increase was not sufficient to raise the forecast milk price now.
On the coming season, Wilson says it’s difficult to predict prices so far ahead. “There is so much volatility, we are finding to difficult to forecast on a week-to-week basis, let alone 18 months.”
Central Otago District Council (CODC) has voted against a plan to spread treated sewage sludge from Cromwell and Alexandra on farmland near Lauder, a decision Federated Farmers says reflects strong opposition from rural residents.
Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.
Federated Farmers says new legislation replacing the Resource Management Act will cut red tape, unlock investment and help grow New Zealand's export-led economy, after the Planning Bill and Natural Environment Bill passed their third reading in Parliament yesterday.
Leading figures from the major political parties will be questioned on their primary sector policies at the Rural Issues Debate at Mystery Creek Events Centre, Hamilton, on 30 September.
OPINION: Well, the silly season is upon us and all us politicians are running around shaking babies and kissing hands, or maybe the other way around.
Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.
A Labour-led Government won’t be bringing back the controversial freshwater rules of 2020.
National’s much-touted free trade deal with India featured in the Rural Issues Debate at Mystery Creek, Hamilton on Wednesday night.
New Zealand's 2026-27 freshwater fishing season has opened, with anglers encouraged to head to rivers and lakes over the coming days as conditions look favourable across much of the country.
Central Otago District Council (CODC) has voted against a plan to spread treated sewage sludge from Cromwell and Alexandra on farmland near Lauder, a decision Federated Farmers says reflects strong opposition from rural residents.
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.
