Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for the previous season.
Despite last week’s drop in global dairy prices, consensus is emerging among economists that the season’s milk price will end up near $9/kgMS.
Growing global demand for dairy products and a flat milk supply could be setting the stage for a near-record farm gate milk price this season.
Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.
A record 13 dairy farms supplying milk to low-carbon dairy processor, Miraka qualified for an extra premium of 20c/kgMS this season.
A Waikato accountant says dairy farmers putting together their budget for 2025 won’t have much to cheer for even with an $8/kgMS forecast milk price.
Listed milk processor Synlait has announced an opening forecast base milk price of $8/kgMS for the new season.
An $8/kgMS farmgate milk price for this season may be out of reach, according to ASB economist Nathaniel Keall.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.