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OPINION: Dairy farmers are doing it tough and the latest Global Dairy Trade auction results point to tougher times ahead.
Dairy prices crash
Strong supply, weak demand soften prices
Dairy prices have fallen to three-year lows thanks to strong supply and weak demand, mainly for whole milk powder (WMP) from China.
China's absence from market keep prices subdued
The world now loves a cheese!
The first Global Dairy Trade (GDT) auction for the new season delivered underwhelming results last week.
Final GDT a fizzer
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.
Dairy cash flow turning red
Plunging global dairy prices and rising input costs are forcing some farms into negative cash flow, according to Federated Farmers dairy chair Richard McIntyre.
Butter, cheddar prices surge amid Chinese demand
Big jumps in butter and cheddar cheese prices reflect Chinese consumers returning to restaurants, cafes and bakeries, says Westpac’s senior agro economist Nathan Penny.
GDT opens on soft note
China holds sway over payout
China's sway over what New Zealand dairy farmers get paid for their milk has been on display this year.