by Nick Clark, Federated Farmers Manager General Policy Fonterra lifts payout forecast Fonterra has lifted its farmgate milk price forecast for the current 2020/21 season to a range of $7.30-$7.90 per kgMS with a midpoint of $7.60. This is up from its previous range of $6.90-$7.50 and midpoint of $7.20. Fonterra said its milk price […]
dairy prices
GDT surges, commodities up, exports down
by Nick Clark, Federated Farmers Manager General Policy GDT surges Dairy prices leapt at this week’s Global Dairy Trade auction, up a whopping 15.0% at this week’s auction. Whole milk powder, by far the biggest commodity by volume, led the way in jumping 21.0% compared to a fortnight ago. Almost all the other commodities also […]
Dairy Industry Opportunities with a Guarantee
By chair of the Sharemilker Farm Owners’ Section, John Numan The Sharemilker farm owners’ section of Federated Farmers and the Sharemilkers’ section frequently review the Federated Farmers employment contracts used for Contract Milkers, Lower Order Sharemilkers and Herd Owning Sharemilkers. As anyone who has used them will know, unfortunately, the contracts are lengthy as they […]
Economic Week – February 19
by Nick Clark, Federated Farmers Manager General Policy Seven in a row Continued strong demand from China saw dairy prices increase again in this week’s Global Dairy Trade auction. The GDT Price Index was up 3.0% compared to the previous auction a fortnight ago. All six commodities on offer increased in price, led by whole […]
Economic Week – February 5
A round-up of the week’s economic news by Nick Clark, Federated Farmers Manager General Policy Farmer confidence bounces back The results are out from Federated Farmers’ latest six-monthly Farm Confidence Survey. The survey showed a strong recovery in farmer confidence, albeit off a low base, returning it to levels of a year ago. Key points […]