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The latest dairy auction has seen the dairy index up for the second time in a row, in what will be a welcome result for dairy farmers.
The GDT price index rose 10.9% at last night’s auction, to US$2,226/MT.
The biggest gains were seen for Butter Milk Powder, which rose a massive 30% to an average price of US$1,829/MT.
Whole Milk Powder also gained ground, climbing 12.1% to US$2,078/MT.
Anhydrous Milk Fat and Skim Milk Powder were both up 11.7%, with average prices of US$3,029/MT and US$1,698/MT respectively.
Most other products also saw an increase, with Butter rising 8.1% to US$2,746/MT, followed by Rennet Casein up 6.3% with an average price of US$5,779/MT and Cheddar was up 4.7% to US$2,913/MT.
Lactose was the only product to lose ground, falling 4.0%, to an average price of US$483/MT.
The auction saw a total of 35,865 MT sold.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
Business Advisors and Accountants (BFA) and Craigs Investment Partners will be hosting an event later this month where they will take a deeper look at the practical and emotional side of succession planning.
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
Sales of premium brand Envy apples are booming in Taiwan.
Sheep milk powder and products exporter Maui Milk is partnering with one of China’s biggest dairy players to boost its market presence.
Ngai Tahu's legal action seeking self-determination (rangatiratanga) over fresh water could have huge implications for the future of farming, the viability of farming businesses, and our wider rural communities, says Federated Farmers national vice president Colin Hurst.
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