$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.
The whole milk powder price has fallen to an eight-month low in the latest Global Dairy Trade (GDT) auction.
Last night’s auction saw WMP prices dip to US$2821/MT. On December 19 last year, WMP price dropped to US$2755/MT, the lowest recorded price over the past two years.
The overall GDT price index dropped 0.7%.
Butter index was down 2.8% to US$4271/MT. However, skim milk powder index was up 2.2% to US$2005/MT.
Key results
AMF index up 0.2%, average price US$5,316/MT
Butter index down 2.8%, average price US$4,271/MT
BMP index up 0.1%, average price US$2,474/MT
Ched index up 4.2%, average price US$3,631/MT
LAC index down 0.5%, average price US$917/MT
RenCas index up 3.7%, average price US$5,326/MT
SMP index up 2.2%, average price US$2,005/MT
SWP index not available, average price not available
WMP index down 2.2%, average price US$2,821/MT
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.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.