Displaying items by tag: dairy prices

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. 

Last night's GlobalDairyTrade auction saw the fifth consecutive gain for dairy prices since December.

The Global Dairy Trade price jump of 9.4% last week was at the top end or bigger than predictions by economists and part of a continued upward swing.

A slump in farmer confidence has seen Federated Farmers' new-season 2015 Farm Confidence Survey move further into negative territory.