$10 milk price still in sight despite global dairy markets softening
A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.
New Zealand’s fledgling dairy goat industry is in turmoil.
Milk payout has slumped 30% over the past three years, forcing some dairy goat farmers to sell up.
The infant formula market in China has been changing. Updated regulations governing the manufacture of infant formula in China, which has increased trust in domestically produced products, along with a falling birth rate, have led to a drop in demand for imported infant formula.
Covid-19 had only accelerated changes that had been taking place over the last two-to-three years. Sales of infant formula through the ‘Daigou’ channel - cross border trading by visitors and international students from China - have also dried up over the past three years.
Waikato farmer Kevin Schuler, who milks cows, goats and sheep on adjoining properties, says dairy goat farmers are facing a tough time.
Schuler says everyone is working hard on farm, at the company level (NZ Dairy Goat Co-operative), and at board level.
NZDGC chief executive David Hemara told Rural News that the co-operative was currently meeting and updating shareholders on market conditions.
“We haven’t completed our current trading year or announced a final season payout to shareholders.”
Relationships are key to opening new trading opportunities and dealing with some of the rules that countries impose that impede the free flow of trade.
Dawn Meats chief executive Niall Browne says their joint venture with Alliance Group will create “a dynamic industry competitor”.
Tributes have flowed following the death of former Prime Minister and political and business leader, Jim Bolger. He was 90.
A drop in methane targets announced by the Government this month has pleased farmers but there are concerns that without cross-party support, the targets would change once a Labour-led Government is voted into office.
Farmer shareholders of meat processor Alliance have voted in favour of a proposed $270 million joint venture investment by Irish company, Dawn Meats.
The former chair of the Bay of Plenty Regional Council and farmer, Doug Leeder, says rural communities' biggest fear right now is the lack of long-term certainty over environmental regulations.
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