Displaying items by tag: Milk prices

The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.

As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.

OPINION: The year has started positively for New Zealand dairy farmers and things are likely to get better.

Dairy farmers are still in a good place despite volatile global milk prices.

OPINION: What goes up must come down. So, global dairy prices retreating from lofty heights in recent months wouldn’t come as a surprise to many farmers.

The chance of a $10-plus milk price for this season appears to be depleting.

The upheaval in the Middle East may have eased the fall in global dairy prices last week.

The cost of producing milk in New Zealand continues to compare favourably with other exporting regions despite a lift in production costs over the past five years.

Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

Chinese buyers are returning in force to replenish stocks and helping send global dairy prices higher.