Displaying items by tag: Milk prices

While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

The world economy has veered into difficult and dangerous waters, suggesting 2016 will be a long hard year of slow recovery in prices in global food commodity markets, including dairy.

Another fortnight passes and we have another lacklustre Global Dairy Trade result and Fonterra confirming it has revised its milk price for the current season (2015-16).

Analysts are now picking a dairy price recovery by the end of the year. Haven't they said that for the last three years?

Farmgate and commodity prices are weighing heavily on farmers' minds.

Synlait Milk has dropped forecast milk price for the 2015 -16 season from $5/kgMS to $4.20/kgMS.

The drop in the forecast farmgate milk price from Fonterra will reduce overall dairy revenues by a further $800 million, says DairyNZ.

Fonterra has dropped its forecast farmgate milk price for the 2015-16 season by 45c to $4.15/kgMS.

ASB has trimmed their price forecast by 50c, but maintains dairy prices will increase over 2016.

Like a lot of dairy farmers, I am pretty happy about farewelling 2015, and looking ahead to a New Year with better prospects and farmgate milk prices.