$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.
Global dairy prices have continued their golden run, with the Global Dairy Trade auction recording its seventh consecutive rise in the price index.
Last night’s GDT event saw the price index rise 3%. Since November last year, the price index has gained over 20%.
GDT’s flagship products- whole milk powder prices continue to rise with last night’s auction recording a 4.3% lift to US$3615/metric tonne.
WMP prices are at levels not seen since December 2016, when it reached US$3593/MT.
Key Results
AMF index up 1.1%, average price US$5,527/MT
Butter index up 2.0%, average price US$5,129/MT
BMP not offered
Ched index up 2.4%, average price US$4,268/MT
LAC index up 0.4%, average price US$1,232/MT
SMP index up 0.3%, average price US$3,207/MT
SWP not offered
WMP index up 4.3%, average price US$3,615/MT
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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