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OPINION: Are the heydays of soaring global demand for butter over?
In May this year, the price of butter of Global Dairy Trade platform nearly touched US$8,000/MT.
However, butter prices have dropped in the last 10 consecutive GDT auctions and now sit at around US $5900/MT.
While butter prices don't impact the farmgate milk price in a big way, the downward trend should mean cheaper prices for butter on supermarker shelves.
The media were quick to blame Fonterra for the rise in prices, but don't hold your breath for credit being given for the price drop!
American butter undercutting New Zealand's own product on New Zealand supermarket shelves appears to be a case of markets working as they should, says Dairy Companies Association of New Zealand (DCANZ).
Buyers trying to secure supply are keeping dairy prices at elevated levels.
ANZ agri economist Matt Dilly looks at the impressive run of global dairy prices this year.
OPINION: A bumper season all around.
Dairy Women's Network (DWN) has announced a new limited edition DWN Monopoly NZ Dairy Farming Edition, created to celebrate the people, places and seasons.
Rural Women New Zealand (RWNZ) and Federated Farmers say they welcome the announcement last week that the Government will increase the conveyance allowance by 30%.
New Zealand and India have signed a Free Trade Agreement (FTA) described as a once-in-a-generation deal.
What’s been a "rubbish" summer for campers and beachgoers has duck hunters in the lower North Island rubbing their hands together in anticipation of a bumper waterfowl season, which starts this weekend (May 2/3).
New research suggests sheep and beef farmers could improve both profitability and emissions efficiency by increasing lamb weaning weights, with only marginal changes in total greenhouse gas emissions.
Southland farmers are being encouraged to get ahead of the winter grazing season by attending a practical field day in Pukerau next week.
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