Displaying items by tag: milk price

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.

Synlait Milk has revised its forecast of the market milk price for the FY2015 season down from $5/kgMS to $4.40/kgMS; along with a corresponding decrease in advance rates to farmers.

Dairy prices have bottomed out and are on a tentative and slow recovery path. That’s the consensus of four agri economists spoken to by Dairy News after last week’s Global Dairy Trade auction saw a 1% lift overall and notably a 3.8% lift in whole milk powder.

THE ASB has revised its milk price forecast to $4.70/kgMS after prices in the GDT fell 3.1% overnight, with whole milk powder prices falling 5.1%

DESPITE A favourable winter and early spring, this season’s lower forecast milk price shows how quickly things can change. Farm budgets are vital, says DairyNZ economist Angie Fisher.