News | Rural
4 Dec 2024 21:20
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    A significant adjustment for dairy farmers

    A significant adjustment for dairy farmers


    Fonterra
    Fonterra
    Fonterra has drastically cut its forecast Farmgate Milk Price -- with the midpoint falling from eight-dollars-per-kilogram of milk solids, to just seven-dollars.

    It's blaming reduced demand for whole milk powder from China.

    Rabobank Senior Agriculture Analyst Emma Higgins says the latest expected midpoint is now 24 percent less than where it was this time last year.

    She says dairy commodity prices are now below five year averages -- which is what's driving this adjustment coming through.

    Higgins says for some dairy farmers that adjustment will unfortunately be quite painful.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     27 Nov: Most NZ dairy farmers put profitability first – but some are planting native trees anyway
     20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction
     12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands
     11 Nov: Good news for Kiwi dairy farmers, and more could be on the way
     06 Nov: Some good news for dairy farmers in today's Global Dairy Trade auction
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     30 Sep: Fonterra is being sued - accused of greenwashing
     Top Stories

    RUGBY RUGBY
    All Blacks second five Jordie Barrett is ready for more rugby to close out 2024 as he embarks on a temporary chapter abroad More...


    BUSINESS BUSINESS
    Trademarks that will never be used can be ‘bad faith’ business – a UK case has lessons for NZ and Australia More...



     Today's News

    Law and Order:
    Police are going door-to-door in Tokoroa looking for information on the mysterious death of Shane Edwards 21:17

    Entertainment:
    Selena Gomez doesn't "need anyone's approval" 21:14

    Entertainment:
    Kerry Katona was left terrified when masked thugs raided her property while she was at home 20:44

    Entertainment:
    Meghan, Duchess of Sussex is reportedly preparing to launch her lifestyle brand and her new Netflix show in the New Year 20:14

    Entertainment:
    Blur's Alex James almost went bankrupt when work dried up during the COVID-19 lockdowns 19:44

    Entertainment:
    Lala Kent doesn't intend to "reach out" to her 'Vanderpump Rules' co-stars after she was axed from the show 19:14

    International:
    South Korean President Yoon Suk Yeol could be facing impeachment after martial law declaration — here's what that process looks like 19:07

    Politics:
    More than 112-thousand people are homeless in New Zealand 18:57

    Entertainment:
    John Legend feels "so lucky" to be married to Chrissy Teigen 18:44

    Law and Order:
    More than 500 days after Christchurch Real Estate Agent Yanfei Bao went missing, a man has been found guilty of her murder 18:37


     News Search






    Power Search


    © 2024 New Zealand City Ltd