Displaying items by tag: 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.

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.