Displaying items by tag: Milk prices

The country's second largest milk producer says a strong milk price remains on the cards despite successive price drops in global dairy prices.

The forecast farmgate milk price is being tipped to hold ground despite plummeting prices on the Global Dairy Trade (GDT).

Dairy prices are falling on the back of weakening global demand for milk products but so is milk supply.

Farmers grappling with rising costs received some good news last week.

Westpac senior agricultural economist Nathan Penny expects prices to remain elevated as global supply remains very tight.

Dairy prices dipped in the latest global auction but this didn't stop ASB Bank from revising its 2022-23 season forecast milk price to $10/kgMS.

OPINION: Given what's happening around the world, New Zealand dairy farmers are on to a pretty good thing with its internationally envied farming system.

Fonterra farmers start the new season this week on a high note.

Covid restrictions in China are likely to slightly dampen milk powder imports into that country, according to Stefan Vogel, Rabobank research general manager for Australia and New Zealand.

Global dairy prices are retreating as Omicron takes hold in more Chinese cities, disrupting the world's biggest market.