Returns lift, costs down - DairyNZ
The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
New Zealand dairy farmers have woken up to some great news.
Whole milk powder price in the overnight Global Dairy Trade (GDT) auction rose a whopping 14% to US$3,208/metric tonne.
The GDT price index was up 8.3% compared to the last auction.
All products on offer saw an increase in their average prices.
Key results
AMF index down 0.2%, average price US$3,981/MT
Butter index up 3.0%, average price US$3,717/MT
BMP index up 3.8%, average price US$2,417/MT
Ched index up 3.3%, average price US$3,762/MT
LAC index up 1.9%, average price US$1,309/MT
SMP index up 3.5%, average price US$2,694/MT
SWP index not available, average price not available
WMP index up 14.0%, average price US$3,208/MT
Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
OPINION: We have good friends from way back who had lived in one of our major cities for many years.