Displaying items by tag: milk price

The UK dairy industry is in turmoil with milk price below the cost of production. The National Farmers Union says 450 English and Welsh farmers have quit in the past 12 months.

Despite milk price volatility most Australian dairy farmers enjoyed a good 2014-15 season.

To compare the retail prices of Coke and milk and say the Coke was more affordable than milk is misleading.

NZ First deserves a pat on the back for defending farmers against the furore over high milk prices.

Federated Farmers Dairy chairman Andrew Hoggard says this morning's Fonterra Global Dairy Trade (GDT) result is shocking.

Fonterra's Australian suppliers are being paid more than a dollar extra than the co-op owners for every kgMS supplied to the co-op this season.

Fonterra has set the June guaranteed milk price (GMP) at $5.25/kgMS, matching its opening price for this season.

The Ministry for Primary Industries annual ‘Situation and Outlook Report for Primary Industries’ (SOPI) forecasts the farmgate milk price for the 2015-16 season to be $5.62/kgMS – slightly higher than Fonterra’s $5.25.

Milk prices were down again in international markets last week but the New Zealand dollar’s drop means prices are up in our money.

Milk price recovery is more likely in 2016-17 than this season, says Rabobank director of dairy research Hayley Moynihan.