Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
-
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
Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
Open Country opens butter plant
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Green light for virtual fencing, herding in Victoria
Virtual fencing and herding systems supplier, Halter is welcoming a decision by the Victorian Government to allow farmers in the state to use the technology.
Popular Reads
Open Country opens butter plant
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give…
MPI launches industry-wide project to manage feral deer
An industry-wide project led by Ministry for Primary Industries (MPI) is underway to deal with the rising number of feral…Waituna Lagoon consent puts farms at risk, Federated Farmers Say
According to Federated Farmers, Environment Southland has mishandled the consent process for Waituna Lagoon, leaving the community with numerous bad…Early drought fears ease in Hawke’s Bay, but caution remains
Fears of a serious early drought in Hawke’s Bay have been allayed – for the moment at least.Fonterra shareholders watch performance after sale
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.Featured
Farmers more satisfied with banks, but confidence remains below 2017 levels
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence dips slightly, but positivity still dominates
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Nathan Guy is the new special agricultural trade envoy
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance commissions major heat pump system at Mataura, cutting coal use and emissions
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
NZ meat industry seeks removal of US 15% lamb tariff
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.
National
Rural bias?
OPINION: After years of ever-worsening results from our education system, the startling results from a maths acceleration programme stood out like…
Will big be better?
The government has unveiled yet another move which it claims will unlock the potential of the country’s cities and region.Primary sector future hailed
The government is hailing the news that food and fibre exports are predicted to reach a record $62 billion in…Farmers and industry leaders respond to new RMA replacement legislation
One person intimately involved in the new legislation to replace the Resource Management Act (RMA) is the outgoing chief executive…NZ horticulture exports projected to rise to $9.2 billion by 2026
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's…Machinery & Products
New Case IH Puma series debuts with improved design & precision tech
Case IH used Agritechnica to reveal its new Puma series tractor, featuring what it claims is an entirely new vehicle…
