$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.
New Zealand dairy farmers woke up to some very good news. The overnight Global Dairy Trade (GDT) auction recorded a massive jump in prices.
The GDT price index jumped 15% compared to the previous auction, its eighth consecutive price rise.
Whole milk powder prices, used by Fonterra to set its milk payout, rose a whopping 21% to US$4364/MT, a seven-year high.
AMF index up 7.4%, average price US$5,929/MT
Butter index up 13.7%, average price US$5,826/MT
BMP index down 0.3%, average price US$3,144/MT
Ched index up 1.3%, average price US$4,280/MT
LAC index up 4.9%, average price US$1,278/MT
SMP index up 3.5%, average price US$3,302/MT
SWP not offered
WMP index up 21.0%, average price US$4,364/MT
Animal rights organization, SAFE says the government needs to maintain the ban on live exports.
New findings from not-for-profit food supply and distribution organization, the New Zealand Food Network (NZFN) have revealed a 42% increase in demand for food support in 2023 compared to 2022.
New data released by LIC and DairyNZ shows New Zealand dairy farmers have achieved the highest six week in-calf rate and lowest notin- calf rate on record.
Christchurch City Council and the Canterbury Agricultural and Pastoral Association (CAPA) have signed an agreement which will open more of Canterbury Agricultural Park for public use while helping to provide long-term certainty for the A&P Show.
This year’s Fieldays will feature a Rural Advocacy Hub - bringing together various rural organisations who are advocating for farmers and championing their interests as one team, under one roof, for the first time.
ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.