There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.

Last year's fourth quarter Rabobank Rural Confidence survey found New Zealand farmer confidence rebounding strongly off the back of improved dairy farmer sentiment, with farmers across all sectors more optimistic about the prospects for the agri economy.

Listed milk processor Synlait Milk has lifted its 2023-24 forecast milk price by 25c to $7.25/ kgMS.

A better than expected start to milk production in New Zealand has softened global dairy prices, says Westpac senior agri economist Nathan Penny.

Latest data out of China isn't making good reading for New Zealand dairy farmers.

The country's second largest milk processor is optimistic that global demand for dairy products will improve end of this year.

Global dairy prices plunged overnight putting further pressure on a depressed farmgate milk price.

The forecast farmgate milk price is under more pressure following last week’s steep decline in whole milk powder prices on Global Dairy Trade (GDT).

Dairy prices have fallen to three-year lows thanks to strong supply and weak demand, mainly for whole milk powder (WMP) from China.

The absence of Chinese demand from the global market is keeping dairy prices subdued.