Dairy Commodity markets have traversed softer ground for 2023, and this is now reflected in Fonterra’s new forecast farmgate midpoint of NZ$ 8.50/kgMS.

With less than three months left in the 2022-23 season, the window for farmgate milk prices to lift is closing.

While Chinese motor vehicle brands are becoming more commonplace on the roads of New Zealand, the same couldn’t be said about Chinese quad bike and side by sides on farms, as many have struggled to beat the stranglehold of the big Japanese brands.

Over 50,000 metric tonnes of pork was imported into New Zealand last year, most of which came from countries that allow pig farming practices that are illegal in New Zealand, claims NZPork.

New Zealand red meat exports had a slow start to the year with total export values down 7% compared to January 2022, according to analysis by the Meat Industry Association (MIA).

Dairy Commodity markets start the new year on softer ground and with a weaker tone to linger into New Zealand’s new season. Commodity prices have been losing momentum since the midpoint of 2022.

A new report by Rabobank suggests that 2023 will prove to be an uphill climb for New Zealand agriculture, with the difficulty of the climb hinging on four main ‘wildcard’ factors.

The A2 Milk Company (a2MC) says returning its Southland-based Mataura Valley Milk (MVM) plant to profitability remains a key strategic focus.

Softening global demand for milk has led Fonterra to downgrade its 2022-23 forecast milk price.

The country's second largest milk processor is not rushing to lift its milk price forecast despite a rise in global dairy prices.