Displaying items by tag: Milk prices

ASB has trimmed their price forecast by 50c, but maintains dairy prices will increase over 2016.

Like a lot of dairy farmers, I am pretty happy about farewelling 2015, and looking ahead to a New Year with better prospects and farmgate milk prices.

Expect the volatility in the international dairy market to be around for some time.

The GlobalDairyTrade price index lifted by 1.9% at the auction held overnight.

Westland Milk Products chairman Matt O'Regan says it's very hard to predict a payout price given the volatility of the international market.

Fonterra today maintained a forecast farmgate milk price of $4.60/kgMS.

Opportunistic buyers taking advantage of low prices were probably behind last week's 3.6% overall rise in the GlobalDairyTrade (GDT), says Rabobank research analyst Emma Higgins.

Fonterra chairman John Wilson says he is unhappy about Fonterra coming third in the payout stakes among other New Zealand processors.

On-shelf dairy prices for consumers in China are too high so demand is not growing, says Fonterra's chief executive Theo Spierings.

Fonterra has delivered some good news for its farmers this morning – it's lifting the forecast earnings per share by 5c/kgMS and boosting its financial aid to farmers.