Displaying items by tag: Milk prices

The drop in the forecast farmgate milk price from Fonterra will reduce overall dairy revenues by a further $800 million, says DairyNZ.

Fonterra has dropped its forecast farmgate milk price for the 2015-16 season by 45c to $4.15/kgMS.

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.