Fonterra said it was “cautiously positive” over dairy prices, even while foreseeing continued market volatility, and raising its estimate for milk output in New Zealand, the top exporting nation.
Milk production in the US in February increased by 2.3% compared to the same month in 2016, latest figures show. By Conor Finnerty.
Here’s my summary of the key events overnight that affect New Zealand, with news of worrying financial stresses in China.
FEARS about the future of ryegrass use, concerns about young people entering the industry and frustrations with the dairy profitability were among issues raised at a Dairy Australia meeting at Camperdown last week. By SIMONE SMITH.
Dairy prices, like thermometers and snow, fell last week as Winter Storm Stella attacked the Northeast.
Global Dairy Trade Event 184 concluded with the GDT Price Index up 1.7%. Results:
Prices on the GlobalDairyTrade platform may drop for a third straight auction tonight as supply outstrips demand. By TINA MORRISON.
Fonterra has confirmed it will be seeking “sizeable” quantities of milk, from northern Victoria, following claims its representatives were approaching regional dairy farmers to sign them up. By ANDREW MILLER
Dairy co-op’s woman in China says Beingmate investment is strategic, not financial, writes Jamie Gray.
Dairy farmers should be worried about proposed changes to the Dairy Industry Restructuring Act 2001, which unwind Fonterra’s open entry and exit regime, a farm consultant says. By Alexa Cook.