Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
Despite some spring health issues and the falling milk price, Webster Farms, the Hauraki Plains P3 Focus Farm, increased production by 10,617kgMS in its first year as a focus farm.
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.
To compare the retail prices of Coke and milk and say the Coke was more affordable than milk is misleading.
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.
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.