Displaying items by tag: Milk prices

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.

ASB still expects dairy auction prices to rise over the season despite the GlobalDairyTrade price index falling 7.4% at the auction overnight.

Farmers, you aren't alone! The Reserve Bank has joined you on drought watch.

Last month we highlighted the greater volatility the global dairy industry has experienced in recent times.

Fonterra farmers are disappointed with the final payout of $4.65/kgMS for last season.

Milk prices should keep rising given the scenario of falling NZ milk production.

Farmgate milk price forecasts by at least two banks, ASB and BNZ, have now been hiked upwards to $5/kgMS for the 2015-16 season.

Key signs of lowering production were enough to “wake the market up” out of its downward spiral at last week’s GlobalDairyTrade auction, says ASB rural economist Nathan Penny.

Milk prices are volatile and difficult to predict so farmers should approach next season with caution. DairyNZ economists look at how the 2015-16 season could shape up.