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.
-
font size
decrease font size
increase font size
Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.
The GDT price index dropped by 3.8% compared to the previous event; most products suffered a drop in prices.
It is also the third consecutive drop for the GDT price index.
Whole milk powder prices dropped 4.3% to US$3006/metric tonne.
Butter dropped 5.7%, skim milk powder 3.5% and AMF 3.3% down 3.8%
More like this
$8 milk price this season 'out of reach'
An $8/kgMS farmgate milk price for this season may be out of reach, according to ASB economist Nathaniel Keall.
Dairy prices slip
Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.
30c jump in Fonterra's forecast milk price
Fonterra farmers start the new week with some good news – their forecast milk price mid-point for the season has jumped 30c.
Optimism in the air
There is a feeling of optimism in the dairy industry, says Federated Farmers dairy section chair Richard McIntyre.
Popular Reads
Machinery builder in liquidation
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now…
Farmers oppose work visa changes
Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.Milk price certainty
Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…Farmers fined for cattle abuse
A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals,…Dairy sheep and goat turmoil
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand…Featured
HortNZ levy vote referendum looms
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat co-op seeks capital from farmer shareholders
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
Vaccinate against new lepto strain
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Global demand remains sluggish
Dairy
TV series to combat food waste
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Chorus backs need for rural high speed internet
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
National
Celebrating success
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole…
Biosecurity award for M. bovis work
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in…Cyclone's devastating legacy
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it…Govt praised for handling of China over cyber attacks
One of the country's leading experts on China has praised the NZ Government for its handling of the recent incident…Woolworks scour reopens after $50m rebuild
The world’s largest wool processing facility, badly damaged by Cyclone Gabrielle over one year ago, has re-opened following a $50…Machinery & Products
Agco invests in Finnish engine plant
While Nokia is more likely recognised for mobile devices, a major investment of €70m (NZ$126m) by global farm machinery brand…
Quality lubricants keep tractors safe
Evan Paxton and his family at Riverview Farms, Dargaville, are one of New Zealand’s leading suppliers of kumara.Factory clocks up 60 years
There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…Polaris unveils XD 'truck'
Think of a RAM 1500 or a Chevrolet Silverado and compare them to a Ranger or a Hilux: One is…PM opens new Power Farming facility
Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.» Latest Print Issues Online
The Hound
Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Bubble burst!
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…
» Connect with Rural News
» eNewsletter
