Displaying items by tag: Milk prices

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.

Expect the volatility in the international dairy market to be around for some time.

The GlobalDairyTrade price index lifted by 1.9% at the auction held overnight.

Westland Milk Products chairman Matt O'Regan says it's very hard to predict a payout price given the volatility of the international market.

Fonterra today maintained a forecast farmgate milk price of $4.60/kgMS.