Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
The largest milk powder producer in the US, DairyAmerica is coming back to Global Dairy Trade (GDT), re-launching skim milk powder on July 16.
The federated marketing company represents four major US producer owned dairy cooperatives.
It last traded on GDT during 2011 to 2014.
Chief executive Dan Block says “ongoing change in digital technology, customer needs and international trading arrangements means that DairyAmerica continually reviews its sales strategy to ensure we provide more options to our customers”.
“We have always viewed GDT as playing a positive role in the international market and now is the right time for DairyAmerica to expand contracting choices with the GDT Events platform.”
GDT director Eric Hansen welcomed DairyAmerica’s return to GDT Events and says during its former participation it successfully sold large quantities of skim milk powder (SMP) to a diverse range of buyers.
“Compared to when they previously participated on GDT, we can now provide DairyAmerica with more choices over who sees their supply information and how their winning prices are published,” Hansen says.
“We look forward to working with DairyAmerica once again and providing access to a truly global and diverse pool of active buyers to achieve credible price discovery for their products.”
DairyAmerica members include Agri-Mark Inc, California Dairies Inc, O-AT-KA Milk Producers Inc and United Dairymen of Arizona.
DairyAmerica markets 100% of the SMP, nonfat dry milk (NFDM) and buttermilk powder (BMP) produced by its members. It is the single largest US supplier of these products, reaching at least 50 countries.
A Local State of Emergency has been declared for the Waikato for a period of seven days as the region prepares for Cyclone Vaianu to hit the area.
Farmers will get an opportunity to hear about the latest developments in sheep genetics at the Sheep Breeder Forum this May.
Specialist horticulture and viticulture weather forecasters Metris says the incoming Cyclone Vaianu is likely to impact growers across the country.
A group of old Otago uni mates with a love of South Island back-country have gone the lengths of Waiau Toa Clarence from source to sea. Tim Fulton, who joined the group in the final fun to the river mouth, tells their story.
Operating with a completely different format from conventional tractors and combine harvesters, the NEXAT prime mover combines all steps of crop production in one modular carrier vehicle, from tillage, through seeding to harvesting.
Reports of severe weather forecast to move over the vast majority of New Zealand’s kiwifruit orchards this weekend will be very concerning for a significant number of growers.
OPINION: Who will replace Miles Hurrell as Fonterra's next CEO?
OPINION: Governments all over the world are dealing with the fuel crisis.