by Freshagenda | Feb 29, 2024 | Global, Volume trends
New Zealand milk production fell 0.6% YOY in January on a solids basis, according to DCANZ. Despite the fall, season-to-date solids production is now tracking 0.8% ahead of prior year, as soil moisture levels have dropped in some dairying regions. On a volume...
by Freshagenda | Feb 22, 2024 | GDT, Global
GDT event #350 recorded a 0.5% increase in the overall price index on the lowest volume offered since June last year. WMP prices were expected to weaken with the slippage in futures prices in the past 2 weeks, and they obliged, down US$74/t to US$3,388/t. This was...
by Freshagenda | Feb 22, 2024 | Global, News
Fonterra is merging its Australian business and Fonterra Brands New Zealand (FBNZ) into Fonterra Oceania from 1 May 2024. FBNZ includes consumer brands and foodservice businesses in New Zealand, including brands Anchor, Mainland and Kāpiti. Announcing the merger in an...
by Freshagenda | Feb 15, 2024 | GDT, Global
This week prices fell for both WMP and SMP compared to the recent GDT event #349, but remains higher for both regular WMP and medium heat SMP C2 compared to the last Pulse event. While medium heat SMP fell US$5/t to US$2,770/t, it remains US$120/t ahead of the...
by Freshagenda | Feb 15, 2024 | Global, Prices
Fonterra New Zealand has lifted its forecast farmgate milk price range by NZ30c to NZ$7.30kgMS—NZ$8.30kgMS, bringing the midpoint to NZ$7.80kgMS following five strong GDT events. Fonterra’s forecast earning guidance for FY24 of NZ50c—NZ65c remains unchanged. CEO...
by Freshagenda | Feb 8, 2024 | GDT, Global
The GDT price index rose again this week, recording the biggest improvement in this 5-event rally of 4.2%. SMP posted it’s best price gain in four month, with prices rising 4.6% to average US$2,758/t. With EU product facing Red Sea issues, and limited availability,...
