Displaying items by tag: dairy prices

NEW ZEALAND’S farming future is not just black and white or – at least – just black and white dairy cows.

ALL THE SIGNS suggest a prolonged period of low international dairy prices will be required to soak up the current global market surplus, says Rabobank in its latest Dairy Quarterly report.

FOR THE third year in a row Morrinsville-based Tatua dairy cooperative has beaten Fonterra again – with a $9/kgMS farmgate milk price plus a $1.32 pre-tax retention for the 2013/14 season.

Global dairy prices are continuing to rise. The overnight Global Dairy Trade (GDT) trade weighted index rose 14.2%, its eight straight gain.

FONTERRA HAS upped its forecast payout for the 2012 season 20c/kgMS to $6.90-$7.00 for a fully shared up farmer.