$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.
Global Dairy Trade (GDT) auction prices were largely unchanged last week.
Overall prices were down 0.1%, while key whole milk powder (WMP) prices were up 0.1%.
Looking at January as a whole, dairy prices have started 2023 on a soft note.
Westpac senior agri economist Nathan Penny nots that cumulatively over the month, overall and WMP prices have fallen 2.8% and 1.2% respectively.
"By product, most price movements were also small," he says.
"Of the five products we monitor, four products posted price changes of less than 1% either way.
"The outlier was cheddar, which saw a 4% price lift overnight. This result was largely in line with futures market expectations."
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.
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
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