McIntyre thanks farmers as he prepares to bow out of Feds
On the eve of his departure from Federated Farmers board, Richard McIntyre is thanking farmers for their support and words of encouragement during his stint as a farmer advocate.
Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.
The co-operative's president - global ingredients, Richard Allen says its bakery customers are switching from plant-based ingredients to dairy fats.
"Consumers in China and other parts of the world are seeing dairy ingredients as healthy and more premium and are willing to pay more for products containing dairy," Allen told Rural News.
"This is driving demand for our dairy products, including butter, as our bakeries customers to look for ways to switch from plant-based ingredients such as non-dairy cream, margarine and vegetable oils to UHT cream, butter and cheese."
His comments came as butter prices jumped another 3.8% on the last Global Dairy Trade (GDT) auction, hitting a record US$7,992/tonne. Butter prices have risen in the last 10 consecutive GDT auctions, staying above the US$7,000/t mark since January this year.
Fonterra produces butter at Whareroa, Clandeboye, Te Rapa, and several other sites. This season, butter supply was impacted by the drought in the North Island.
"A period of drought in the North Island has reduced butter supply which was already tight with the end of the season approaching," says Allen.
"However, we have still been able to flex our mix to increase skim milk powder (SMP), protein streams that support butter production which is up on last season."
NZX dairy analyst Rosalind Crickett says butter volume restrictions have been a continuing theme on last year, particularly in the short-term.
She says demand outpacing supply has caused the series of new pricing records the product has been setting.
On the eve of his departure from Federated Farmers board, Richard McIntyre is thanking farmers for their support and words of encouragement during his stint as a farmer advocate.
A project reducing strains and sprains on farm has won the Innovation category in the New Zealand Workplace Health and Safety Awards 2025.
Beef + Lamb New Zealand (B+LNZ), in partnership with the Ministry for Primary Industries (MPI) and other sector organisations, has launched a national survey to understand better the impact of facial eczema (FE) on farmers.
One of New Zealand's latest and largest agrivoltaics farm Te Herenga o Te Rā is delivering clean renewable energy while preserving the land's agricultural value for sheep grazing under the modules.
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
Brendan Attrill of Caiseal Trust in Taranaki has been announced as the 2025 National Ambassador for Sustainable Farming and Growing and recipient of the Gordon Stephenson Trophy at the National Sustainability Showcase at in Wellington this evening.
OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…
OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?