Milk price

With the latest Global Dairy Trade report out this week, the impacts of what’s happening overseas will be on farmers' minds. We chat to those with an eye on the global pulse about what New Zealand dairy farmers can expect for the rest of the year, and into 2025.
Hear from Stu Davison in the United States, Chris McCullough in Ireland, and Cristana Alvarado from NZX.

The world of dairy has a peculiar dynamic that many other commodity markets are without – a very prolonged response time to demand signals – namely the time lag between market signals and the ability to increase or reduce milk supply. Words Stu Davison.

Early forecasts for the season have been conservative alongside a rising breakeven Farmgate price. Words Rosalind Crickett.

Nearly a quarter of New Zealand milk is being managed via milk hedging tools, with more dairy farmers and processors looking to manage their risk profile. In a volatile world where milk price, milk production and onfarm costs are fluid, should farmers be locking in more of their business portfolio and if so, what tools are best suited to your farm? Words Sheryl Haitana.

Some farmgate milk price forecasts have risen, despite challenges in China and constraints with the Panama and Suez canals. By Rosalind Crickett.

Who would be a dairy farmer in the United Kingdom today? Milk prices have slumped disastrously, input costs have rocketed, pollution regulations require huge investment while the Government seems intent on encouraging food imports. By Tim Price.

Fonterra CEO Miles Hurrell addresses the two recent revisions to their forecast Farmgate Milk Price for the 2023/24 season.

Milk price risk management isn’t about trying to beat the market, it’s about having a downside protection tool, says Nigel McWilliam of MBS Advisors. He recently spoke about the fundamentals of milk price fixing and how farmers can use tools to lock in a portion of their milk at a price that protects the farming business. Words by Anne Lee.