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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!
Global dairy prices are on a roll, recording a fourth consecutive jump on the Global Dairy Trade (GDT) auction this year.
OPINION: The first three Global Dairy Trade (GDT) auctions have been a morale booster for farmers.
A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.
The latest Global Dairy Trade auction results have delivered a boost to dairy farmers.
Recent weather events in the Bay of Plenty, Gisborne/Tairawhiti, and Canterbury have been declared a medium-scale adverse event.
DairyNZ's chief executive Campbell Parker says the 2024/25 dairy season reinforces the importance of the dairy sector to New Zealand.
A New Zealand agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream has won the Australian dairy sector's top innovator award.
OPINION: A bumper season all around.
Dairy Women's Network (DWN) has announced that Taranaki dairy farmer Nicola Bryant will join its Trust Board as an Associate Trustee.
Rural Women New Zealand (RWNZ) says it welcomes the release of a new report into pay equity.
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