Mixed bag in GDT event 310

Mixed bag in GDT event 310

This week’s event provided an interesting set of outcomes. The index lost 1.3%, weighed down by the weaker WMP (worse in some contracts), a moderate loss for AMF and the slump in cheddar. Despite a little more product coming on in the next few events, SMP prices...
Fonterra adjusts GDT volumes

Fonterra adjusts GDT volumes

Fonterra announced it has added 8,000t of SMP and 3,785t of butter to its 12-month offer volume forecast, adding the volumes to auctions between July and November due to product mix optimisation and strong market demand. With the adjustment to SMP offer volumes, there...
Fonterra Australia chief: All bets off

Fonterra Australia chief: All bets off

Fonterra Australia CEO Rene Dedoncker said the cooperative has put its plans for an IPO or outright sale of Fonterra’s Australian business on hold. Speaking at a breakfast briefing, the Dedoncker said volatile economic conditions and the recent downturn in the local...
Australian milk prices push higher

Australian milk prices push higher

Prices are being pushed to record highs by processors trying to secure supply for next season. Bega is the latest processor to hike prices. In a letter to suppliers, Bega confirmed a forecast price of $9.10kgMS, up from $8.80kgMS. Bega suppliers in Northern Victoria...
Fonterra Australia chief: All bets off

Draft plan for NZ emissions pricing released

The primary sector climate action partnership He Waka Eke Noa (HWEN) in New Zealand has released its draft framework to reduce agricultural greenhouse gas emissions, proposing to price farming emissions and incentivise reductions. Under the plan, farmers will pay for...