$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.”
Many farmers around the country are taking advantage of the high dairy payout to get maximum production out of their cows.
In 2015, the signing of a joint venture between St Peter's School, Cambridge, and Lincoln University saw the start of an exciting new chapter for Owl Farm as the first demonstration dairy farm in the North Island. Ten years on, the joint venture is still going strong.
Sheep milk processor Maui Milk is on track to record average ewe production of 500 litres by 2030, says outgoing chief executive Greg Hamill.
Parliamentary Commissioner for the Environment Simon Upton is calling for cross-party consensus on the country's overarching environmental goals.
Changes to New Zealand’s postal service has left rural communities disappointed.
Alliance is urging its farmer-shareholders to have their say on the proposed $250 million strategic investment partnership with Dawn Meats Group.
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