Displaying items by tag: milk price

Fonterra is expecting milk production worldwide to slow as the low price makes it unsustainable to milk cows.

Dairy prices are low and likely to stay that way a while longer, according to the latest ASB Farmshed Economics Report.

UK's biggest farmer-owned dairy cooperative is reducing its milk price and slashing jobs as part of a turnaround plan.

Primary Industries Minister Nathan Guy says farmers are resilient and will get through the low milk-price patch.

Fonterra has reduced its forecast farmgate milk price for the 2014/15 season from $4.70/kgMS to $4.50/kgMS.

Milk price volatility can have a silver lining, says Dave McCall, DairyNZ’s general manager R&D.

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

Low dairy prices will benefit the New Zealand dairy industry in the long term, says a Lincoln University official.

The exceptionally low milk price has dealt a blow to Landcorp, forcing it to post a half year profit to December 31, 2014 of just $1 million, down 92% on the same period in the previous year. 

In response to the low milk price, DairyNZ is pulling together research, data and lessons learned in similar seasons to help farmers prepare for the 2015-16 season.