Displaying items by tag: dairy prices

Global dairy prices plunged overnight putting further pressure on a depressed farmgate milk price.

A little bit more darkness is expected before dawn starts to emerge.

Dairy prices have fallen to three-year lows thanks to strong supply and weak demand, mainly for whole milk powder (WMP) from China.

There are signs that the Chinese economy is rebounding after Covid-19, but dairy farmers may need to wait a little longer to reap the full benefits from their biggest market.

With less than three months left in the 2022-23 season, the window for farmgate milk prices to lift is closing.

Dairy prices are showing little sign of a rebound, says BNZ senior economist Doug Steel.

The NZX global dairy update report notes that with demand for dairy products easing slightly during Q4, dairy commodity prices eased throughout, finishing the 2022 year at two-year lows.

Dairy prices have started 2023 on a soft note.

The absence of Chinese demand for dairy continues to impact global prices.

The balance of global demand and supply continues to look very supportive for dairy prices, according to ASB economist Chandna Bedi.