by Freshagenda | Mar 20, 2025 | Forecast, Global
Fonterra raised profits after tax 8% YOY to NZ$729m in the first half of FY2025 as operating profit jumped 16% to NZ$1.107bn. Earnings per share rose 10% to NZ44c per share and an interim dividend of NZ22c per share will also be paid. The farmgate milk price range for...
by Freshagenda | Nov 21, 2024 | Forecast, Global
Milksolids intake was up 2.8% YOY in October, slightly above the 5-year average, with volume +2.1% for the month. Season-to-date intake is +5% YOY, while volume is 4.2% higher. Seasonal milk production has peaked with excellent seasonal conditions in most regions...
by Freshagenda | Sep 19, 2024 | Forecast, Global
Milk production growth forecast for 2024 was lowered from the prior month in USDA’s September WASDE report. The reduction is due to lower forecast cow inventories and a slower growth rate of milk per cow for the remainder of 2024. The slower growth in milk per cow is...
by Freshagenda | Jun 6, 2024 | Forecast, Global
Fonterra is forecasting milk will total 1,458m kg of milksolids for the new season. Fonterra expects 2023/24 collections of 1,471m kg of milksolids, according to the latest Global Dairy Update. April milk collections were down -4.0% YOY with full seasonal production...
by Freshagenda | Nov 15, 2023 | Forecast, Global
In its November WASDE report, the USDA milk production growth forecast for 2023 was lowered from the prior month due to the revised dairy cow numbers in the USDA’s latest Milk Production report. Milk output is expected to be up 0.3% YOY at 103bn kgs in 2023 after a...
by Freshagenda | Oct 18, 2023 | Forecast, Global
The USDA milk production growth forecast for 2023 was increased from the prior month due to better average yields per cow. According to the October WASDE report, milk output is expected to lift 0.5% YOY at 103.2bn kgs in 2023 after edging up 0.1% YOY in 2022. Forecast...
