$9.20 milk price forecast!
ASB has become the first bank to forecast a milk price above $9/kgMS for this season.
Global dairy prices have dropped for the third consecutive auction.
The Global Dairy Trade (GDT) price index was down 1.2% overnight, following drops of 5,5% and 4.7%.
The poor run is being blamed by uncertainty around the spread of coronavirus.
Key results
AMF index down 1.7%, average price US$4,302/MT
Butter index up 1.0%, average price US$4,131/MT
BMP index down 4.8%, average price US$2,718/MT
Ched index down 4.7%, average price US$4,285/MT
LAC index up 5.7%, average price US$871/MT
RenCas index up 0.5%, average price US$9,891/MT
SMP index down 3.2%, average price US$2,747/MT
SWP index not available, average price not available
WMP index down 0.5%, average price US$2,952/MT
Prime Minister Christopher Luxon will be fronting farmers at three large public meetings organised by Federated Farmers over the coming weeks.
Federated Farmers and a major Australian-owned bank are at loggerheads over emissions reduction targets set for New Zealand farmer clients.
More locally grown tomatoes are coming to stores this month and you can thank New Zealand greenhouses for that.
Changing skill demands and new job opportunities in the primary sector have prompted Massey University to create a new degree course and add a significant major into another in 2025.
It was bringing in a new Canterbury A&P Association (CAPA) show board, more in tune with the CAPA general committee, that has ensured that Christchurch will have a show this year, says CAPA general committee president Bryce Murray.
OPINION: Hats off to our pipfruit sector.
OPINION: The country's dairy farmers will now also have a hand in providing free lunch for schools.
OPINION: The abrupt departure of Synlait chief executive Grant Watson could be a sign that Chinese company Bright Dairy, the…