A rollercoaster ride for Waikato dairy farmers
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Commenting on last night Global Dairy Trade (GDT) auction results, Gordon says there was a mild 0.4% fall in dairy prices.
“The product mix was effectively a mirror image of the previous auction, with a 2.6% rise in whole milk powder prices but declines for most other products.
“We’re expecting a modest fall in dairy prices over the rest of this year, as global milk production bounces back from last year’s depressed levels. Global demand continues to grow at a subdued pace, and stockpiles of milk powder remain substantial, especially in Europe.
“Russia recently extended its ban on food imports from the EU until the end of 2018, though it has yet to make a decision on the ban from other Western markets, which currently runs to the end of this year.”
Key Results AMF index down 3.5%, average price US$6,596/MT Butter index down 0.1%, average price US$5,775/MT BMP index up 10.8%, average price US$2,264/MT Ched index down 3.2%, average price US$4,051/MT LAC index down 3.3%, average price US$839/MT RenCas index down 2.7%, average price US$6,133/MT SMP index down 4.5%, average price US$2,090/MT WMP index up 2.6%, average price US$3,111/MTSouth Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
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.