State roadshow talking all things wool
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
Federated Farmers Dairy chairman Andrew Hoggard says this morning's Fonterra Global Dairy Trade (GDT) result is shocking.
Hoggard says farmers thought the slide in dairy prices over the last few months had bottomed out.
"Everyone has been talking up the chances of prices rising but this is not the case," he told Rural News online.
This morning's GDT event saw the price index down 5.9%.
The biggest fall was recorded by WMP, which is Fonterra's main export.
WMP slumped 10.8% to US$2054/metric tonne. Skim milk powder is down 5.8% to US1875/MT.
Hoggard says the 10.8% drop in whole milk powder prices is the biggest worry.
"It's hard to know the reasons behind today's big fall in prices," Hoggard says.
Key Results from this morning
AMF index up 1.6%, average price US$2,855/MT
Butter index down 0.3%, average price US$2,694/MT
BMP index down 8.1%, average price US$1,878/MT
Ched index down 4.9%, average price US$3,060/MT
LAC index not available, average price not available
RenCas index down 4.1%, average price US$5,901/MT
SMP index down 5.8%, average price US$1,875/MT
WMP index down 10.8%, average price US$2,054/MT
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
Horticulture NZ chief executive Nadine Tunley will step down in August.