Great time for more good news

eight_col_dairy

Dairy prices have risen 4.5 per cent at Fonterra’s latest GlobalDairyTrade auction

The average price was up to $US3519 ($NZ4965) per metric tonne with the important whole milk powder price up 3.2 per cent to $US3423.

Traders had been expecting a price rise of between 3 and 5 per cent.

Low global dairy prices have been hurting farmers but the GDT index has been on an upward trend since March this year and the rise was the seventh in the last eight auctions.

Last month Fonterra said it reduced its forecast milk volume for the 2016-17 season in New Zealand.

“Tightening milk supplies in both New Zealand and Australia has put pressure on suppliers with some dairy companies struggling to meet contracted delivery times,” AgriHQ dairy analyst Susan Kilsby said.

“This has left a few buyers with low supplies on hand putting some urgency into the market.”

We need the export dollars more than we did a week ago.  No matter how much Key, English and Bridges tell us not to worry because there is enough money to fix our problems, improving exports will be quite helpful.

 

– NZN via Yahoo!


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

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.

32%