Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS
A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.
-
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
Strong Interim Results See Fonterra Boost Farmgate Milk Price to $9.70/kgMS
Fonterra says its interim results show continued momentum in its performance, with revenue of $13.9 billion in the first half of the 2026 financial year.
Global Dairy Trade Recovery Puts $9.50 Milk Price Within Reach
A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.
Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
Popular Reads
Patoa Farms, New Zealand's Largest Pig Farm, Sold to Pork Industry Consortium
Patoa Farms Limited, New Zealand's largest pig farm, has been sold for an undisclosed price.
How a Scholarship Helped Build a 1400-Cow Taranaki Farm
On a farm in Tikorangi, North Taranaki, Brent Stevenson is sharemilking 1,400 cows.Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges
Signs for the 2026-27 kiwifruit crop look good, but there are still some challenges for growers – especially those who…David Seymour Criticises Rural Women NZ Over Submission
Deputy Prime Minister and ACT Party leader David Seymour says advocacy group Rural Women New Zealand (RWNZ) has submitted against…Waikato Duo Win 2026 FMG Junior Young Farmer Title
Two year 10 students from Putaruru College and John Paul College in Waikato Bay of Plenty have been crowned the…Featured
Sharemilkers Credit DairyBase Tool for Staffing Decisions
Signing up to a benchmarking tool is not about competition, but about improving collectively, says Ximena Puig and Alvaro Luzardo who are 50-50 sharemilkers at a 164-hectare (effective) dairy farm in Eketāhuna in the Lower North Island.
UK Politician Alistair Carmichael Praises "Positive Spirit" of NZ Farmers
A leading British farming politician says he's impressed with the positive attitude of New Zealand farmers that he met during his recent trip here.
Editorial: Punching Above Our Weight
OPINION: With 10,500 dairy farms, New Zealand continues to punch above its weight around the world.
Southern Dairy Hub Appoints Greg Delaney as Acting General Manager
The Southern Dairy Hub (SDH), which runs a demonstration farm for South Island farmers, has a new general manager.
Esther Guy-Meakin Appointed Chief Executive of the NZ Meat Board
Esther Guy-Meakin has been announced as the new chief executive of the New Zealand Meat Board (NZMB).
AHAP Progress Report Shows NZ Horticulture Building Real Momentum
According to a progress report on the Aotearoa Horticulture Action Plan (AHAP), New Zealand's horticulture sector is making real progress on the big issues facing growers.
National
Minister praises apple sector’s growth story
The apple sector is enjoying a bumper harvest season.
Apple, pear sector stakeholders meet for annual conference
New Zealand apple and pear industry stakeholders are out in force for the annual conference in Queenstown.NZ Ploughing Champions' Gear Stuck at Sea Before Worlds
Ploughing champions Mark Dillon and Malcolm Taylor earned the right to represent the country at the World Ploughing Championships in…Gallagher Adds Second Production Line as Wearables Boom
The man appointed to lead Gallagher's global Animal Management business through the next stage of growth believes the wearables boom…Moxham Family's Organic Milk Now Comes as Gelato
Horowhenua organic dairy farmers Ange and Wayne Moxham have taken their business to a new level.Machinery & Products
Te Pari Acquires NZ Sheep Handler Brand Combi Clamp
Oamaru-based livestock handling specialist Te Pari has bought Combi Clamp, the New Zealand manufacturer of Combi Clamp manual sheep handlers.
