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Global dairy prices are continuing to rise. The overnight Global Dairy Trade (GDT) trade weighted index rose 14.2%, its eight straight gain.
Whole milk powder prices index was up 7% to US$5,100/tonne. Skim milk powder prices rose a staggering 28% to US$5142/tonne.
Analysts say traders are competing for a shrinking volume of milk powder in the face of the continuing impact of drought.
Fonterra last week increased its milk payout by 30c/kgMS.
Two major acquisitions in the New Zealand dairy sector were completed this week.
OPINION: In 2018, when Fonterra’s board tapped Miles Hurrell to step in as interim chief executive, the co-operative was in the doldrums.
OPINION: Who will replace Miles Hurrell as Fonterra's next CEO?
OPINION: The mainstream media's obsession with (sleazy) 'tabloid' issues were to the fore at Fonterra's recent media conference to discuss its interim results.
More of the same please, says Federated Farmers dairy chair Karl Dean when asked about who should succeed Miles Hurrell as Fonterra chief executive.
While the District Field Days brought with it a welcome dose of sunshine, it also attracted a significant cohort of sitting members from the Beehive – as one might expect in an election year.
Irish Minister of State of Agriculture, Noel Grealish was in New Zealand recently for an official visit.
While not all sibling rivalries come to blows, one headline event at the recent New Zealand Rural Games held in Palmerston North certainly did, when reigning World Champion Jack Jordan was denied the opportunity of defending his world title in Europe later this year, after being beaten by his big brother’s superior axle blows, at the Stihl Timbersports Nationals.
AgriZeroNZ has invested $5.1 million in Australian company Rumin8 to accelerate development of its methane-reducing products for cattle and bring them to New Zealand.
Farmers want more direct, accurate information about both fuel and fertiliser supply.
A bull on a freight plane sounds like the start of a joke, but for Ian Bryant, it is a fond memory of days gone by.
OPINION: Who will replace Miles Hurrell as Fonterra's next CEO?
OPINION: Governments all over the world are dealing with the fuel crisis.
