Displaying items by tag: milk price

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.

We've heard the disappointing news on payout levels. Fonterra has updated its milksolids price down to $4.40 for this past season.

Fonterra is again calling for applications by its farmers to lock in a guaranteed milk price (GMP) for the season.

Synlait Milk has set a forecast milk price for the upcoming 2015/2016 dairy season of $5.50/kgMS, saying they have confidence that commodity prices will recover.

A leading dairy farm consultant says he’s worried that this season’s low milk price will tip some young innovative dairy farmers out of the industry.