$10 milk price still in sight despite global dairy markets softening
A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.
-
font size
decrease font size
increase font size
Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.
The GDT price index dropped by 3.8% compared to the previous event; most products suffered a drop in prices.
It is also the third consecutive drop for the GDT price index.
Whole milk powder prices dropped 4.3% to US$3006/metric tonne.
Butter dropped 5.7%, skim milk powder 3.5% and AMF 3.3% down 3.8%
More like this
Record final milk price for Miraka suppliers
Farmers supplying milk to Taupo-based processor Miraka are getting a 2024-25 season base milk price of $10.16/kgMS.
Strong production, tested demand send milk prices crashing
Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.
Fonterra lifts milk price forecast to $10.15/kgMS
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
BNZ lifts milk price forecast to $10.25/kgMS for 2025-26
A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.
Popular Reads
Hawke’s Bay farmers donate livestock to support rescue helicopter
A Hawke's Bay farming family of self-confessed 'frequent flyers' has donated the proceeds from their spring lambs.
Dawn Meats confirms no Alliance plant closures
The new majority owner of meat company Alliance has no plans to close any processing plants. Instead, Dawn Meats plans…Farmers Lead Sustainability Push: Woodchip bioreactor cuts nitrate runoff in Manawatu
Claims that farmers are polluters of waterways and aquifers and 'don't care' still ring out from environmental groups and individuals.…Carrfields invests in new Ashburton R&D hub
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment,…Winston Peters calls Fonterra vote result 'utter madness'
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of…Featured
Zespri Forecasts Record Returns for 2025/26 Kiwifruit Season
According to Zespri's November forecast for the 2025/26 season, returns are likely to be up for all fruit groups compared to the last forecast in August.
Wool training reaches Chatham Islands
Next month, wool training will reach one of New Zealand's most remote communities, the Chatham Islands - bringing hands-on skills and industry connection to locals eager to step into the wool harvesting sector.
Farmers’ health hub launches at 2026 East Coast Expo
Farmers' health and wellbeing will take centre stage with a new hub at the 2026 East Coast Farming Expo.
B+LNZ announces new farmer council chair
Dannevirke farmer Dan Billing has been announced as the new national chair of Beef + Lamb New Zealand's (B+LNZ) Farmer Council.
Tamar Farm’s Red Devon beef pies win gold in Mid Canterbury Award
A Mid Canterbury beef farm has unlocked a new market for its products thanks to its unusual beef breed, and an award-winning pie taking the district by storm.
LIC reports 18% increase in beef straws used in dairy cows this spring
The number of beef straws going into dairy cows is on the increase, according to LIC beef genetics product lead Paul Charteris.
National
Australian teams to help repair North Canterbury irrigators after storm
Moves are afoot to get a team of Australians over here to help repair North Canterbury's irrigation machinery, ravaged by…
Early drought conditions emerging in Hawke’s Bay as rainfall drops
As you approach Hastings from the south along SH2, the colour of the west-facing hills are a good indicator of…Global beef trade set for growth driven by Asia – Rabobank report
Global beef trade is expected to grow steadily over the next five years, driven by increasing demand from Asia and…Bremworth reintroduces solution-dyed nylon while backing wool carpets
Carpet maker Bremworth is reinstating solution-dyed nylon (SDN) into its product mix but says wool carpets remain central to its…New series draws rural inspiration
While New Zealand may be under siege from braindead, flesh-eating monstrosities, that doesn’t mean lambing can stop.Machinery & Products
AgriSIMA 2026 Paris machinery show cancelled
With the current situation in the European farm machinery market being described as difficult at best, it’s perhaps no surprise…
WA tractor museum honours Oliver Crane’s legacy
Located in York, 100km east of Perth in Western Australia, the Oliver Crane Memorial 4×4 Tractor Museum houses what is…Krone unveils new CombiPack HDP baler and halts US exports
Well-known for an extensive range of round balers, Krone’s new CombiPack HDP looks to have several features that sets it…NZ tractor sales show signs of recovery – TAMA
As we move into the 2025/26 growing season, the Tractor and Machinery Association (TAMA) reports that the third quarter results…Southland’s Hughes Contracting expands Case IH fleet
Having worked as a diesel mechanic, often on Case IH machinery, Brian Hughes was familiar with the agricultural industry and…» Latest Print Issues Online
The Hound
Sugar hit
OPINION: Winston Peters has described the decision to sell its brand to Lactalis and disperse the profit to its farmer…
Wrong focus?
OPINION: The Hound reckons a big problem with focusing too much on the wrong goal - reducing livestock emissions at…
» Connect with Rural News
» eNewsletter
