Displaying items by tag: milk production

RURAL COMMUNITIES will be celebrating record milk production as well as an increase in Fonterra's forecast Farmgate Milk Price for the 2013/14 season by 35 cents to a record level of $8.65/kgMS, says DairyNZ.

THE TRADITIONALLY low-cost pasture-based dairying regions, such as New Zealand, have lost their cost advantage as input prices have risen, says a Rabobank report.

Increased milk production was one of the main drivers for an unexpected 1.1% growth in GDP in the March quarter, the fastest quarterly pace in five years.

FONTERRA SAYS it’s still collecting 10% more milk than last year, with about 65 million litres/day coming in.