Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
Rabobank has announced an opening farmgate milk forecast of $8.20kg/MS for the 2023/24 season, while also highlighting vastly changed global dairy markets.
A glimmer of hope for the country's dairy farmers under siege from a myriad negative challenges including rising input costs, interest rates, state-sponsored regulations and falling commodity prices.
Rabobank's Emma Higgins recently outlined some of the current headaches facing the agriculture sector.
Family-owned French dairy company Lactalis has cemented its position as the world's largest dairy company.
A bonus for the country’s primary exports with the final figure for the end of June hitting $53.3 million – $1.1 billion more than projected.
Dairy farmers are set for another profitable season but profit margins will shrink compared to last season, says Rabobank senior analyst Emma Higgins.
Rabobank is warning the country's dairy farmers to prepare for a very bumpy economic ride in the coming season.
Emma Higgins, Rabobank, says grain, oil and livestock feed are being caught up in the Ukraine war and producers in the northern hemisphere are going to face higher cost of milk production this year and into next year.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.