Displaying items by tag: dairy prices

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.

The slump in dairy prices has unsurprisingly sent confidence crashing down in key dairy regions.

Dairy prices started 2015 on a positive note, rising 3.6% in the Global Dairy Trade auction overnight.

CHINA and Russia are the biggest factors in the global dairy price crash of the last four months, says Rabobank New Zealand and Asia director of dairy research, Hayley Moynihan.

DAIRY PRICES are stabilising, but climbing off the market floor may take some time, says Rabobank.