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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.
OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not keen on giving any ground to its competitors in the country.
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.
South Island dairy farmers will soon be able to supply organic milk to Fonterra.
Global dairy prices continue to rise despite ample supply from key milk producing countries including New Zealand.
A 40th Anniversary event to remember.
The Mountain Warrior Shane Cameron is coming back to his roots as key note speaker at the East Coast Farming Expo Property Brokers Evening Muster in February.
OPINION: The euphoria over the Government’s two new bills to replace the broken Resource Management Act is over.
While the recent storms in the upper and eastern part of the North Island have hit a few kiwifruit growers, it is unlikely to have a major impact on the overall industry.
Keratin biomaterials company Keraplast and Wools of New Zealand have signed a new superpremium wool contract which is said to deliver a boost to wool growers.
While things are looking positive for the red meat sector in 2026, volatility in global trade remains a concern, says the Meat Industry Association (MIA).
