The global dairy market looks set to remain firm through the coming six months, says Rabobank’s latest global Dairy Quarterly report.

Softer whole milk powder (WMP) prices are not surprising given China’s strong import activity recently and the steadily increasing WMP pricing, says Rabobank dairy analyst Emma Higgins.

Rural banker Rabobank is forecasting a milk price of $7.15/kgMS for the new season.

Obtaining premium prices to pay for higher costs of production is the next challenge for farmers, says Rabobank dairy analyst Emma Higgins.

Whole milk powder, butter and cheese prices were the big drivers of the eighth bounce in a row for the Global Dairy Trade (GDT) last week, says Emma Higgins, Rabobank dairy analyst.

The Global Dairy Trade (GDT) auction continues to deliver good news for dairy farmers.

With the lowering of the farmgate milk price comes the squeezing of margins.

The Global Dairy Trade (GDT) price index is at a two-year low, but there is some good news ahead, says Rabobank dairy analyst Emma Higgins.

The Global Dairy Trade had its eighth consecutive fall last week putting more downward pressure on Fonterra’s $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.

A weaker New Zealand dollar may help offset the decline in Global Dairy Trade prices, but the reasons behind the lower dollar are more significant to dairy, says Rabobank dairy analyst Emma Higgins.