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Published in Industry

Reduced Chinese demand pushing milk price down

Fonterra expects demand from China to rise as the country recovers from Covid-19.

Reduced short-term demand from China is impacting farmgate milk price, says Fonterra.

Published in General News

Cheese, protein guide co-op to bumper profit

Fonterra says higher prices in its protein portfolio boosted earnings in the third quarter.

Fonterra has made a bumper third quarter profit on the back of soaring cheese and protein prices.

Published in General News

Strong demand drives positivity

Dairy

Published in Agribusiness

Final GDT a fizzer

Westpac senior agri economist Nathan Penny says the result reaffirms the bank’s final milk price forecast of $8.30/kgMS for this season.

With just a week left in the 2022-23 season, economists agree that a final milk price around $8.30/kgMS is all but locked in.

Published in General News

Infant formula 'doomed'!

New Zealand infant formula exports to China topped nearly $1 billion in 2021, according to the Ministry for Primary Industries.

The once-lucrative Chinese infant formula market is shrinking.

Published in General News

NZ Avocado boss to step down

NZ Avocado Growers Association chief executive Jen Scoular will step down in August after serving 12 years in the role.

Published in General News

FTA a milestone for exporters

DCANZ executive director Kimberly Crewther says eliminating tariffs will give UK dairy customers and consumers an equal opportunity to choose high-quality NZ dairy products.

The Executive Director of Dairy Companies Association of New Zealand (DCANZ), Kimberly Crewther has described the NZ/UK free trade deal (FTA) as a milestone for the industry.

Published in General News

Apple export quantities down

Total exports of apples from the port of Napier in March 2023 were valued at $61 million, 2% up from March last year, according to data released by Stats NZ.

Published in Agribusiness

Farmer and grower confidence slowly rises from the depths

Rabobank New Zealand chief executive Todd Charteris says while sector confidence was still very low, it was pleasing to see it improving and added that strong demand for fruit and vegetables in domestic and international markets have helped to hold up prices.

Rabobank's latest Rural Confidence survey has found that while farmers' sentiments are still in deeply negative territory, they have crept up from historic lows in late 2022.

Published in Agribusiness