Strong production, tested demand send milk prices crashing
Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.
Global dairy prices have broken their golden run of 2018. However, whole milk powder prices have lifted for the fourth consecutive time this year.
Last night’s Global Dairy Trade (GDT) auction saw the price index drop 0.5% compared to the previous auction after lifting for the first three auctions this year.
Whole milk powder price rose slightly. 0.3% to US$3246/metric tonne.
Butter rose 1.1% to US$5334/MT. Skim milk powder dipped 3% to US$1832/MT
WMP price rose for the fourth consecutive auction, rising from a year-low US$2755/MT on December 19 last year.
AMF index down 1.9%, average price US$6,458/MT
Butter index up 1.1%, average price US$5,334/MT
BMP not offered
Ched index down 1.3%, average price US$3,686/MT
LAC index not available, average price not available
RenCas index up 0.7%, average price US$4,980/MT
SMP index down 3.0%, average price US$1,832/MT
WMP index up 0.3%, average price US$3,246/MT
With Fonterra's UHT plant at its Edendale site less than a year from completion, demand continues to grow for products the plant will produce, such as Anchor Whipping Cream.
A new $50,000 scholarship fund designed to support and empower women in the New Zealand dairy industry through leadership development has been launched.
Many farmers around the country are taking advantage of the high dairy payout to get maximum production out of their cows.
In 2015, the signing of a joint venture between St Peter's School, Cambridge, and Lincoln University saw the start of an exciting new chapter for Owl Farm as the first demonstration dairy farm in the North Island. Ten years on, the joint venture is still going strong.
Sheep milk processor Maui Milk is on track to record average ewe production of 500 litres by 2030, says outgoing chief executive Greg Hamill.
Parliamentary Commissioner for the Environment Simon Upton is calling for cross-party consensus on the country's overarching environmental goals.
The nutters of the green world, aided and abetted by the lamestream media, are rewriting the English language for the worse.
OPINION: The self righteous activists at Greenpeace are copying the self-righteous lefties behind the ‘free Palestine’ movement – not surprising given…