Displaying items by tag: GlobalDairyTrade

Dairy prices have taken a plunge once again, with the dairy price index dropping 10.7% to USD$2,082 MT at last night’s Global Dairy Trade auction.

Fonterra's 10,500 farmer shareholders got hit by a double whammy last week.

The treasury is ruling out an early end to low dairy prices.

The Global Dairy Auction suffered its sixth successive fall last night with the average price index dropping 4.3% to US $2,412/MT.

Dairy farmers will be bracing for sombre news from Fonterra this Wednesday.

More bad news for dairy farmers as the latest Global Dairy Trade auction saw the average price index slip by 2.2% to $2,472.

Last night's Global Dairy Trade auction saw the average price index fall for the fourth consecutive time, dropping 3.5% to US$2,515.

Despite last week’s drop in this season’s expected milk payout by both Fonterra and Westland there are positive – albeit slow – signs about the future outlook for dairy prices.

On the back of declining international milk prices Westland Milk Products has reduced its predicted payout for the 2014-15 season.

Milk payout will improve next season, but cashflow will remain tight on farms, say market analysts.