What to expect from dairy produce in 2023 according to Rural Bank research
Expected lower milk supply should see high prices sustained in the coming season, but the elevated cost of inputs could keep margins for farmers at the slim end Australian milk production is forecast to be 6 to 8% below average in the 2022-23 season. The dairy industry continues to contend with elevated input costs and […]
Dairy production to increase slightly as global supply continues to be constrained
Domestic demand is expected to remain robust with 2022/2023 farmgate prices ranging from $8.50–$9.80/kg MS with an average of $9.21/kg MS Dairy production is forecast to see a modest increase for the remainder of 2022 according to Rural Bank’s Australian agriculture mid-year outlook. An extended La Nina period has replenished water supplies and feed […]
Milk farmgate prices remain strong with Bega offering a record high opening price
The Rural Bank May update provides an analysis of production and pricing trends for local dairy producers Rural Bank has released its May 2022 update for the Dairy industry at a time when the Global Dairy Trade Index declined a further 8.5% in April to US$1,379 per tonne whilst SMP and Cheddar prices declined by […]
Dairy farmers have reached a plateau where growth seems the most likely path
With recent record-breaking profitability in the Dairy sector it offers a solid footing to reboot much-needed growth in milk production Following a rollercoaster ride over the past decade, the dairy sector has experienced a remarkable turnaround, underpinned by favourable seasonal conditions, high farmgate pricing and a shift in the balance of power within the supply […]
Dairy prices up but market uncertainty abounds
A Rabobank report notes the dairy market is slowly returning to normal but warns there could still be plenty of bumps in the road
Post-pandemic dairy prospects improve but it’s not the great recovery producers desire
Global COVID-19 restrictions are easing, food service sales have resumed and dairy prices look to be on the rebound but some industry analysts are warning it’s too soon to call it a global dairy market recovery. Dairy has performed better than expected throughout the pandemic’s disruption and the industry is forecasting an uptick for milk […]
NZ dairy downturn slows tractor sales
The dairy downturn may be dissuading some South Canterbury farmers from buying new tractors. Source: Stuff NZ Paul Wilkins, of Paul Wilkins Tractors, said he had sold only one tractor to a dairy farmer this year – the rest had gone to cattle and grain farmers, or contractors. Importers had even tried to slow the […]