by Freshagenda | Oct 11, 2023 | Global, Prices
Fonterra New Zealand has lifted its 2023/24 forecast farmgate price to a range of NZ$6.50kgMS to NZ$8.00kgMS, with its midpoint now sitting at NZ$7.25kgMS, lifting NZ50c from the previous forecast. Fonterra CEO Miles Hurrell said the improved outlook reflects both...
by Freshagenda | Sep 6, 2023 | Global, Prices
The all-milk price declined in July according to USDA’s latest Ag Prices report. The all-milk price of US$0.40/l was down 2.8% from the prior month and was 32% lower in YOY terms. Average MPP farmgate margins fell 3.9% between June and July to $9.10/cwt (a multi-year...
by Freshagenda | Aug 30, 2023 | Global, Prices
Infometrics Senior Economist Nick Brundson highlights forecast 2023/24 payout will fall below operating expenses for the average New Zealand farm, but it’s part of the broader volatility of pricing and the evolution of the industry post “peak cow”. The latest drop in...
by Freshagenda | Aug 2, 2023 | Global, Prices
The all-milk price declined in June, according to USDA’s latest Ag Prices report. The all-milk price of US$17.90/cwt was down 7.3% from the prior month and 33% lower in YOY terms. Average MPP farmgate margins fell 19.7% between May and June to $4.30/cwt (a 130-month...
by Freshagenda | May 31, 2023 | Global, Prices
Fonterra has announced its opening farmgate milk price in a range of NZ$7.25kgMS – NZ$8.75kgMS for 2023/24 with a midpoint of NZ$kgMS. Fonterra chief Miles Hurrell said the opening forecast price for the new season reflects an expectation that China’s demand for WMP...
by Freshagenda | May 17, 2023 | Global, Prices
Market participants continue to anticipate a more significant market recovery in the second half of 2023, reflecting slowing milk growth and expectations that some buyers on the global market will have to restock once they realise prices have bottomed. EU dairy...
