More good news

milk jug-500x500

World dairy prices rose 7.7 per cent overnight following a huge rise in the previous GlobalDairyTrade auction.

The average price was US$2920 per metric tonne.

Federated Farmers dairy chairman Andrew Hoggard said after the previous auction that rises towards the US$3000 mark would definitively signal a higher payout for farmers.

New Zealand’s major export, whole milk powder (WMP), rose 3.7 per cent to an average price of US$2793 per tonne.

Skim milk powder rose 10 per cent to US$2224.

Great news for dairy farmers as world diary prices have recovered further.  And great news for the National Party who may have this problem off the table in the run-up to the next election.

Cooperation between industry, banks and government, most diary farmers have weathered this downturn without having to walk off the farm.

Labour just can’t buy an economic indicator that persistently heads south.  Any argument that the government is mismanaging the economy in a macro-economic sense very hard to make convincing.

Farmers aren’t rushing out of the front gate to test drive the latest Falcon V6, but it must help to see prices bouncing back up.


– Stuff

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.