Open Country Dairy prepares to launch first commercial butter
The country's second largest milk processor hopes to produce its first commercial butter within two months.
Cheese, butter and milk powder manufacturing has been picked in the top five of 200 New Zealand industries to perform well this year, according to global business intelligence company IBISWorld.
The three categories are tipped to reach $17.1 billion in the 2017-18 year versus $16b in the previous year -- up 6.9%.
The top five were picked by IBISWorld in terms of expected growth, by far the highest earner and having the third-highest predicted growth rate behind multi-unit apartment and townhouse construction (9.2% growth) and geothermal, wind and other electricity generation (8.6%).
Samual Johnson, an Australian-based IBISWorld senior industry analyst, told Dairy News the recovery of global prices and increased output from farms are expected to contribute to growth.
“Infant formulas have grown particularly strongly; it is a premium area and a high growth area.
People have been investing in that and exports to SE Asia and China have grown strongly.
“Butter has not had the strongest performance over the past five years but is expected to grow in the current year. Global butter production is also expected to grow strongly this year.”
Recently Fonterra has increased its forecast milk prices so they obviously have a favourable outlook for milk prices in the current season, Johnson says.
“That supports our strong forecast for the year. It is mainly driven by restabilising of the global dairy market.”
If Russia were to lift its embargoes it would shake up the current stabilising of supply and demand and change export routes again, he says.
“But I wouldn’t say either way whether that is likely to happen over the next year or two.”
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…
OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…