$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 prices have seen one of their biggest jumps in recent years.
The overnight Global Dairy Trade (GDT) saw the price index rise 6.7%.
The whole milk powder index rose 8.4% to US$3027/metric tonne, the highest it has reached since May last year.
Key results
AMF index up 5.8%, average price US$5,579/MT
Butter index up 4.2%, average price US$4,445/MT
BMP index down 3.1%, average price US$3,158/MT
Ched index up 1.4%, average price US$3,565/MT
LAC index up 1.3%, average price US$1,035/MT
RenCas index up 10.9%, average price US$5,596/MT
SMP index up 3.9%, average price US$2,534/MT
SWP index not available, average price not available
WMP index up 8.4%, average price US$3,027/MT
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.