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.
The Global Dairy Trade (GDT) auction overnight saw the price index drop 1.6%.
While the flagship whole milk powder price rose 1.3%, butter fat prices fell heavily - anhydrous milk fat and butter were both down nearly 5% each.
Skim milk powder was down 3%.
But WMP is now priced at US$3155/tonne.
Key results
AMF index down 4.9%, average price US$6,289/MT
Butter index down 4.9%, average price US$5,747/MT
BMP index up 0.4%, average price US$2,198/MT
Ched index down 4.8%, average price US$3,932/MT
LAC index down 4.3%, average price US$787/MT
RenCas index down 4.4%, average price US$6,122/MT
SMP index down 3.0%, average price US$1,966/MT
WMP index up 1.3%, average price US$3,155/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.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
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