$8 final milk price likely
An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.
The second Global Dairy Trade (GDT) auction of the new season saw a slight drop in dairy prices.
In the overnight auction, the GDT price index dropped 1.2% over the previous event. The first event of the NZ dairy season two weeks ago saw the price index dip 1.3%.
Whole milk powder price was down 1% overnight to an average price of $US$3189/metric tonne.
Key Results
AMF index down 2.5%, average price US$6,060/MT
Butter index up 0.8%, average price US$5,611/MT
BMP not offered
Ched index down 3.6%, average price US$3,847/MT
LAC index up 8.2%, average price US$769/MT
RenCas index down 2.2%, average price US$4,898/MT
SMP index down 1.1%, average price US$2,003/MT
SWP index not available, average price not available
WMP index down 1.0%, average price US$3,189/MT
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.