Displaying items by tag: Milk prices

The mayor of a district where dairying is a big part of the local economy says he's starting to see problems resulting from the downturn.

The unexpected slight lift of 2.1% in the GlobalDairyTrade price index last week was a tiny glimmer of light at the end of the tunnel, commentators say.

Helping farms through this tough patch and ensuring they maintain their low-cost advantage when the upturn arrives are key focus areas.

European farmers have different views on potential milk supply control measures that were recently discussed at a Council of EU agriculture ministers.

Profound changes in the overall structure of dairy markets and trade could have a lasting effect.

Fonterra chairman John Wilson says he is absolutely confident dairying will recover back to sustainable pricing levels for farmers.

Fonterra's 'Black Tuesday' announcement last week that the current season forecast payout will be cut to $3.90/kgMS poses a number of questions.

Fonterra says its decision to delay payments to some creditors by up to 90 days is nothing new and suppliers should "align" themselves to it.

Fonterra doesn't believe it will take much to change the global dairy market, but it expects very little change this year.

New Zealand appears to have lost its ability to influence global dairy prices, says Rabobank analyst Thomas Bailey.