Rabobank has announced an opening farmgate milk forecast of $8.20kg/MS for the 2023/24 season, while also highlighting vastly changed global dairy markets.

Farmers have been told that an opening forecast milk price of $8/kgMS this season hinges on China’s demand for whole milk powder (WMP) bouncing back.

Taking NZ wine to the world: Bringing the world to NZ wine.

Reduced short-term demand from China is impacting farmgate milk price, says Fonterra.

Fonterra has made a bumper third quarter profit on the back of soaring cheese and protein prices.

Dairy

With just a week left in the 2022-23 season, economists agree that a final milk price around $8.30/kgMS is all but locked in.

The once-lucrative Chinese infant formula market is shrinking.

NZ Avocado Growers Association chief executive Jen Scoular will step down in August after serving 12 years in the role.

The Executive Director of Dairy Companies Association of New Zealand (DCANZ), Kimberly Crewther has described the NZ/UK free trade deal (FTA) as a milestone for the industry.