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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.
OPINION: After two long years of hardship, things are looking up for New Zealand red meat farmers.
A casualty of the storm that hit the Bay of Plenty recently was the cancelation of a field day at a leading Māori kiwifruit orchard at Te Puke.
Michael Wentworth has joined the team at Mission Estate Winery, filling the "big shoes" of former Chief Executive Peter Holley, who resigned in September last year, after almost 30 years running the storied Napier venue.
Some arable farmers are getting out of arable and converting to dairy in the faced of soaring fuel and fertiliser prices on top of a very poor growing season.
The New Zealand seed industry has reached a significant milestone with the completion and approval of the new seed certification system.
New Zealand's persimmon season will kick off early this year, with fruit set to hit shelves soon.
OPINION: Who will replace Miles Hurrell as Fonterra's next CEO?
OPINION: Governments all over the world are dealing with the fuel crisis.
