NZ milk price forecast under pressure

NZ milk price forecast under pressure

NZX has lowered its current season price forecast by 44c to NZ$9.01kgMS, with a tightened range of NZ$8.79 to NZ9.49kgMS. Two consecutive GDT price falls are crushing milk price expectations and reflect current market volatilty. However, NZX analysts stress the...
NZ milk price forecast under pressure

USDA lowers milk growth forecast

In its July WASDE report, the USDA milk production forecast for 2022 was lowered by 0.1% points from the previous month, reflecting lower average growth in milk per cow. Milk output is now expected to be down 0.1% YOY at 102.5bn kgs in 2022 after a 1.3% YOY lift in...
NZ milk price forecast under pressure

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...
NZ milk price forecast under pressure

USDA lowers milk growth forecast

In its June WASDE report, the USDA milk production forecast for 2022 was lowered by 0.2% points from the previous month, reflecting lower average growth in per cow yield. Milk output is now expected to be flat YOY at 102.7bn kgs in 2022 after a 1.3% YOY lift in 2021....
USDA raises milk growth forecast

USDA raises milk growth forecast

In its May WASDE report, the USDA milk production forecast for 2022 was increased by 0.2% from the previous month, reflecting a larger dairy herd more than offsetting lower average milk per cow. Milk output is now expected to grow 0.2% YOY to 102.8bn kgs in 2022 after...