Returns lift, costs down - DairyNZ
The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
Dairy prices went down in the overnight Global Dairy Trade (GDT) auction.
While milk powder (WMP) price index dropped 2.1% to $US$2883/MT.
Westpac’s IQ financial briefing notes that since April, WMP prices have fallen 13%.
The GDT Price Index was down 3.6% compared to the last auction.
Key results
AMF index down 6.9%, average price US$5,321/MT
Butter index down 8.5%, average price US$4,392/MT
BMP not offered
Ched index down 4.7%, average price US$3,484/MT
LAC index not available, average price US$914/MT
RenCas index up 2.8%, average price US$5,138/MT
SMP index down 1.3%, average price US$1,951/MT
SWP index not available, average price not available
WMP index down 2.1%, average price US$2,883/MT
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.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.