Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Dairy prices have fallen to their lowest level in almost three years.
Fonterra's Global Dairy Trade-trade weighted index, which covers a range of 30 products and contract periods on offer, dropped 6.4%, with an average selling price of US$2,618 per tonne.
It was the third consecutive fall in the index at the fortnightly auctions. So far this year there have been only two rises out of the 10 auctions.
Prices fell for most dairy products on offer, with the largest decline seen in anhydrous milk fat, which fell 11.9%. Skim and milk powder also posted hefty falls, while rennet casein was the only one of the main products to manage a lift.
SMP dropped 5.4% to US$2,573/tonne while WMP dropped 9% to US$2546/tonne.
The next GDT auction is on June 5.
Farmer-led charity, Meat the Need is calling for donations to enable it to supply more meals to families in need.
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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