Plant-based bubble bursts
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The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.
There is a feeling of optimism in the dairy industry, says Federated Farmers dairy section chair Richard McIntyre.
A leading farm accountant and consultant believes the dairy industry has turned a corner as the rural sector navigates a downturn.
OPINION: The first two Global Dairy Trade (GDT) auctions have delivered good news for dairy farmers.
Following two consecutive Global Dairy Trade (GDT) price rises this year, overall prices now sit at their highest since June 2023.
Global dairy prices have retreated and reached usual averages, but farmers shouldn’t expect a repeat of milk payouts of the past two seasons.
Following the latest Global Dairy Trade (GDT) auction overnight, dairy prices are now sitting at their highest since June.
A better than expected start to milk production in New Zealand has softened global dairy prices, says Westpac senior agri economist Nathan Penny.
Dairy prices rose for the second successive Global Dairy Trade (GDT) auction last week, but the jury is still out on whether prices have turned a corner.
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