$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.
The Global Dairy Trade (GDT) price index has risen for the ninth consecutive time.
Last night’s GDT auction saw the price index rise 0.8% to UIS$3483/metric tonne. GDT’s price index hasn’t seen a price drop since November last year.
A decline in milk production among key producing global regions is keeping prices up.
However, the flagship whole milk powder price was down 1.35 to US$3287/MT.
Butter prices saw another big jump- 5.8% to US$5374/MT. Skimmed milk powder was up 1.8%.
Key results
AMF index up 3.7%, average price US$5,867/MT
Butter index up 5.8%, average price US$5,374/MT
BMP index up 5.0%, average price US$3,548/MT
Ched index up 3.2%, average price US$4,248/MT
LAC index down 5.3%, average price US$948/MT
RenCas index up 7.5%, average price US$6,703/MT
SMP index up 1.8%, average price US$2,468/MT
SWP index not available, average price not available
WMP index down 1.3%, average price US$3,287/MT
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.
World Veterinary Day falls on Saturday 27 April.
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