$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.
Dairy prices have risen for the third consecutive auction this year.
Last night’s Global Dairy Trade (GDT) auction saw the price index up 5.9% over the previous auction.
The flagship whole milk powder prices rose 7.6% to US$3226/metric tonne, the highest it has been in eight months.
Skim milk powder prices rose 7.2%, however it still sits below the US$2000/MT mark.
Butter prices also jumped 7.9%.
AMF index up 0.5%, average price US$6,581/MT
Butter index up 7.9%, average price US$5,277/MT
BMP index up 8.4%, average price US$2,039/MT
Ched index up 7.2%, average price US$3,739/MT
LAC index not available, average price not available
RenCas index up 5.0%, average price US$4,943/MT
SMP index up 7.2%, average price US$1,932/MT
WMP index up 7.6%, average price US$3,226/MT
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.