Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Falling prices, rather than lower volumes, have pushed down the value of dairy product exports over the past two years, Statistics NZ says.
Fonterra's new-season forecast farmgate milk price is "conservative" but the co-op expects the market to rebalance within 6-12 months, says Fonterra chairman John Wilson.
DairyNZ is committed to supporting dairy farmers following the announcement by Fonterra of an opening forecast farmgate milk price of $4.25/kgMS for the 2016-17 season.
New Zealand's second biggest dairy cooperative Westland Milk Products has released a budget for the 2016-17 dairy season of $4.55 - $4.95/kgMS.
The last significant in-season drop in the price of milk to suppliers was in 2008, and that doesn't take a long memory to recall: it is hardly ancient history.
Dairy Australia's next 'Situation and Outlook' report will be released on June 1, as a challenging season for many farmers approaches its end.
OPINION: The new government has clearly signalled big cuts across the public service.
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