Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
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.
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.
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.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.