$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.
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
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.