Plant-based bubble bursts
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RaboResearch senior analyst Emma Higgins says resilient Chinese demand is helping dairy prices remain high.
New Zealand dairy farmers can expect a lower farmgate milk price for the 2020/21 season, according to a new report from agricultural banking specialist Rabobank.
The global dairy market looks set to remain firm through the coming six months, says Rabobank’s latest global Dairy Quarterly report.
Softer whole milk powder (WMP) prices are not surprising given China’s strong import activity recently and the steadily increasing WMP pricing, says Rabobank dairy analyst Emma Higgins.
Obtaining premium prices to pay for higher costs of production is the next challenge for farmers, says Rabobank dairy analyst Emma Higgins.
Whole milk powder, butter and cheese prices were the big drivers of the eighth bounce in a row for the Global Dairy Trade (GDT) last week, says Emma Higgins, Rabobank dairy analyst.
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