Displaying items by tag: dairy prices

The end of the tunnel is still not showing any light for farmers. Six months ago they were told to expect a bounce-back in global dairy prices about now. But last week’s Global Dairy Trade results show no sign of recovery.

Jittters over the Chinese stock market were behind the 10.7% drop in the overall Global Dairy Trade price index last week, giving some hope of a minor bounceback, says one economist.

Dairy prices have taken a plunge once again, with the dairy price index dropping 10.7% to USD$2,082 MT at last night’s Global Dairy Trade auction.

Concern is growing in political and economic circles that the low dairy prices could tip New Zealand into a recession.

DairyNZ chief executive Tim Mackle says the current downturn in the dairy industry is different from others in the past. 

The falling New Zealand dollar remains a silver lining for dairy farmers rattled by the eighth straight drop in the Global Dairy Trade price index.

A recovery in global dairy prices is on the horizon but farmers may not benefit until next season, says Rabobank.

The treasury is ruling out an early end to low dairy prices.

It could be be two years before the mess in dairy prices regains some sort of equilibrium, according to Brent Love of KPMG who specialises in dairy agribusiness.

Trade minister Tim Groser has a controversial message for dairy farmers – volatility is their friend. The industry has lived with it for 130 years, he says.