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...
by Freshagenda | May 3, 2023 | Global, Prices
The all-milk price declined in March, according to USDA’s latest Ag Prices report. The all-milk price of US$0.48/l was down 2.3% from the prior month and 17.6% lower in YOY terms. Average MPP farmgate margins fell by 3.7% between February and March to $14.8/cwt...
by Freshagenda | Apr 12, 2023 | Global, Prices
The European market is currently quiet due to the long Easter weekend. Buyers are well covered and in no rush to buy dairy products in anticipation of the spring flush in the Northern Hemisphere. Meanwhile, farmers are still receiving relatively high milk prices and...
