Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
Dairy prices are easing but cost inflation is down across the board, providing some relief to farmers.
An $8/kgMS farmgate milk price for this season may be out of reach, according to ASB economist Nathaniel Keall.
Rabobank released its Agribusiness Monthly for March. Here's what the bank had to say about the dairy sector, farm input prices and the weather.
Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.
Last year's fourth quarter Rabobank Rural Confidence survey found New Zealand farmer confidence rebounding strongly off the back of improved dairy farmer sentiment, with farmers across all sectors more optimistic about the prospects for the agri economy.
Following two consecutive Global Dairy Trade (GDT) price rises this year, overall prices now sit at their highest since June 2023.
The worst of the current dairy price cycle may be over, claims Westpac senior agricultural economist Nathan Penny.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.