Editorial: No need to worry
OPINION: What goes up must come down. So, global dairy prices retreating from lofty heights in recent months wouldn’t come as a surprise to many farmers.
The new season’s first Global Dairy Trade (GDT) event saw prices dip slightly.
The GDT price index was down 1.3%.
Whole milk powder price dropped 1.1% to US$3205/MT.
Butter price dropped 3.5% to US$5581/MT.
Key Results
AMF index down 1.7%, average price US$6,222/MT
Butter index down 3.5%, average price US$5,581/MT
BMP index up 17.7%, average price US$2,314/MT
Ched index down 3.6%, average price US$3,998/MT
LAC index up 3.9%, average price US$714/MT
RenCas index up 2.7%, average price US$5,015/MT
SMP index up 0.3%, average price US$2,051/MT
SWP index not available, average price not available
WMP index down 1.1%, average price US$3,205/MT
Three New Zealand agritech companies are set to join forces to help unlock the full potential of technology.
As the sector heads into the traditional peak period for injuries and fatalities, farmers are being urged to "take a moment".
Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.
Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.
Animal owners can help protect life-saving antibiotics from resistant bacteria by keeping their animals healthy, says the New Zealand Veterinary Association.
According to analysis by the Meat Industry Association (MIA), New Zealand red meat exports reached $827 million in October, a 27% increase on the same period last year.
OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
OPINION: Are the heydays of soaring global demand for butter over?