Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
The worst of the current dairy price cycle may be over, claims Westpac senior agricultural economist Nathan Penny.
Global dairy prices are clawing back lost ground and farmers may need to thank the weather gods for this.
Dairy prices have fallen to three-year lows thanks to strong supply and weak demand, mainly for whole milk powder (WMP) from China.
There are signs that the Chinese economy is rebounding after Covid-19, but dairy farmers may need to wait a little longer to reap the full benefits from their biggest market.
With less than three months left in the 2022-23 season, the window for farmgate milk prices to lift is closing.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.