The FAO Dairy Price Index – December 2020
The FAO Dairy Price Index averaged 108.8 points in December, up 3.4 points (3.2 percent) from November and representing the seventh continuous monthly rise.
Early closure of EU markets exposes milk price risk
Spot markets look set for a particularly volatile period as trade routes into the EU are closed off. Markets typically soften in the aftermath to Christmas as demand drops off and processing capacity tightens.
Milk price forecasts boosted by banks
Rabobank and ASB have both increased their farm-gate milk price forecasts to $7 for the 2020-21 season, following an improving dairy outlook.
Is another $7.14 payout on the cards?
This season’s farmgate milk price could match last season’s $7.14/kgMS payout, despite the carnage caused by Covid-19.
Increase to November milk price ‘warranted on its own right’
The increase to milk price for November supplies “was warranted on its own right”, according to the Irish Creamery Milk Suppliers’ Association (ICMSA).
First Milk January farmgate price rise
FARMER-owned dairy co-operative First Milk has announced a January farmgate milk price rise of 0.25ppl from January 1, 2021.
As husk price rises, farmers fear paying more for rearing livestock
The price of husk has gone up by Rs2 per kg in the retail market increasing the rearing cost of livestock after a large number of farmers went to take part in the protest in their vehicles to Delhi.
Benchmark up $1.73
The Agriculture Department announced the November Federal order Class III milk price at $23.34 per hundredweight, up $1.73 from October, $2.89 above November 2019, and the highest Class III since July.
Fonterra narrows Farmgate Milk Price range and updates first quarter performance
Fonterra Co-operative Group Limited has narrowed its 2020/21 forecast Farmgate Milk Price range, reported a solid start to the 2021 financial year and reconfirmed its forecast earnings guidance.
The FAO Dairy Price Index – November 2020
The FAO Dairy Price Index averaged 105.3 points in November, up 0.9 points (0.9 percent) month-on-month, continuing the upward trend registered in recent months and nearing an 18-month record high.
