$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
The Commerce Commission says connectivity options for rural New Zealanders are front-of-mind as it begins a formal investigation into the future of the copper network.
Grand Finalists have been selected, all regional finals have concluded, and the journey towards the FMG Young Farmer of the Year Grand Final is underway.
Hopes of NZ sheepmeat prices picking up anytime soon in the country's key export market of China looks highly unlikely.
Regional councils are welcoming the certainty for councils in today’s Resource Management Act (RMA) announcement by the Government.
ASB says the decision to sign on to the AgriZeroNZ joint venture came out of a wish to be a part of the solution.
Federated Farmers says changes announced to the Resource Management Act today mark the end of the war on farming.