$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.
Dairy prices have fallen for the third successive Global Dairy Trade auction.
The GDT price index was down 3.5% in the overnight auction, the largest fall in the last three auctions.
The flagship whole milk powder price was down 5.5% to US$2852/MT, compared to the previous auction.
Butter price also came down from its record high, dropping 3.6%.
Key Results
AMF index up 0.5%, average price US$6,894/MT
Butter index down 3.6%, average price US$5,516/MT
BMP index up 7.2%, average price US$1,931/MT
Ched index down 2.8%, average price US$4,001/MT
LAC index not available, average price not available
RenCas index down 4.0%, average price US$5,465/MT
SMP index up 1.2%, average price US$1,818/MT
WMP index down 5.5%, average price US$2,852/MT
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.