Displaying items by tag: milk price

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.

GROWTH IN dairy exports from some major exporting countries has slowed, says Fonterra.

FONTERRA SHAREHOLDERS Council says it backs the co-op's decision to pay a lower milk price last year than the price calculated in accordance with the milk price manual.

FONTERRA FARMERS have accepted the co-op’s decision last season to pay them a lower milk price than that calculated by the manual.