Wednesday, 17 June 2020 09:51

Dairy prices rise

Written by Staff Reporters

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The Global Dairy Trade (GDT) auction overnight delivered its third consecutive positive result.

Average prices were up 1.9% compared to the previous auction.

Whole milk powder prices lifted 2.2% to US$2829/metric tonne.

Key results

AMF index up 0.8%, average price US$3,993/MT

Butter index down 1.0%, average price US$3,597/MT

BMP not offered

Ched index up 1.4%, average price US$3,631/MT

LAC index up 0.4%, average price US$1,290/MT

SMP index up 3.1%, average price US$2,609/MT

SWP index not available, average price not available

WMP index up 2.2%, average price US$2,829/MT

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Farmers more satisfied with banks, but confidence remains below 2017 levels

According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.

Farmer confidence dips slightly, but positivity still dominates

Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.

Nathan Guy is the new special agricultural trade envoy

Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).

Alliance commissions major heat pump system at Mataura, cutting coal use and emissions

Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.

Fonterra slashes forecast milk price, again

Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.

NZ meat industry seeks removal of US 15% lamb tariff

Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.

National

Fonterra capital return could boost GDP – ANZ Report

The Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report,…

Fonterra upgrades Eltham cheese production for global growth

Fonterra's Eltham site in Taranaki is stepping up its global impact with an upgrade to its processed cheese production lines,…

Michelle Pye elected to Fonterra board

Canterbury farmer Michelle Pye has been elected to Fonterra’s board for a three-year term.

Government plan to scrap regional councils faces criticism

Government plans to get rid of regional councillors shows a lack of understanding of the fundamental problem affecting all of…

Lactose to join fat and protein in Fonterra milk price model

For over 20 years, Whakatane farmer Gerard Van Beek has been attending Fonterra annual general meetings with the same message…

Machinery & Products

Case IH Unveils New RB6 Round Balers & 2026 Square Baler Upgrades

Case IH has released details of its all-new round balers and redesigns to its large square balers aimed at increasing…

How to Improve Milking Efficiency in Swing-Over Herringbone Sheds

The swing-over herringbone is the most common dairy type in New Zealand, used on 69% of dairy farms. Simple changes…

Claas Jaguar 1000 Series sets new forage harvesting world record

The recently released Claas Jaguar 1000 Series has seen its flagship 1200 set a new official Guiness World Record in…

CB Norwood appoints John Skurr as new general manager

CB Norwood Distributors Limited has announced the appointment of John Skurr to the position of general manager.

AIMER, Bovonic and Herd-i join forces to advance NZ dairy tech

Three New Zealand agritech companies are set to join forces to help unlock the full potential of technology.

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Farmers more satisfied with banks, but confidence remains below 2017 levels

Farmer confidence dips slightly, but positivity still dominates

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Alliance commissions major heat pump system at Mataura, cutting coal use and emissions

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Fonterra capital return could boost GDP – ANZ Report

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Case IH Unveils New RB6 Round Balers & 2026 Square Baler Upgrades

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