Fonterra lifts forecast milk price mid-point, advance rate
Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.
GOAT MILK sales growth of 50% in two years is prompting the Dairy Goat Cooperative (Hamilton) to look for suppliers in Northland and Taranaki.
"We now export to 20 countries, and sales in Malaysia, Hong Kong, China, Thailand and Korea keep growing at record levels," co-op chief executive Dave Stanley told a recent meeting of the Waikato branch of the New Zealand Institute of Agricultural and Horticultural Science.
When Stanley started with the co-op, in 1993, he was the only employee. Now there are 100, and turnover tops $100m/year from four plants in Hamilton drying, blending and canning product.
"Our plants are state-of-the-art, and farmers are hugely impressed when we take them round the sites."
Stanley says the co-op has deliberately kept a low profile as, compared to bovine dairy, it's still a niche market.
"But despite producing a comparatively high priced product for infant food, our customers, particularly in Asia, seem prepared to pay for it in increasing numbers."
Goat milk is secreted in the same way as human's – apocrine secretion – whereas cow's is merocrine secretion. Protein differences are important.
"Some reports say many Asians are lactose intolerant [hence demand for goat milk].
"In fact, goat milk also contains lactose, but it's the different proteins that mainly make the difference."
New Zealand milk production is off to a strong start, with the first month of the 2025/26 dairy season recording a whopping 17.8% jump in milk production, compared to the previous season.
With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.
Keep up with innovation and e-commerce in China or risk losing market share. That was the message delivered at the China Business Summit in Auckland this month.
Meat Industry Association (MIA) independent chair Nathan Guy says getting meat processors involved has been a shot in the arm for the sector's key marketing initiative into China, Taste Pure Nature.
Listed carpet manufacturer, Bremworth is undertaking a $6 million expansion at its Napier plant more than two years after the site was heavily damaged by Cyclone Gabrielle.
Federated Farmers is vowing to keep the big banks accountable for their actions and to continue pushing for meaningful change in the rural lending sector.