Tuesday, April 30, 2024

Daily Digest: September 4, 2020

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Farmers face uncharted waters The milk price forecast has held up despite another drop at the latest GDT auction. Whole milk powder is well below the $300/t mark but Fonterra’s midpoint forecast still sits at $6.40/kg MS.
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With production beginning to ramp up, farmers are emerging from calving with a few things to think about.

There’s the new freshwater regulations to consider, especially for those in the deep south.

Increased compliance brings increased cost, so the durability of that forecast for the 2020-21 season will be the key to whether the industry weathers the season in good shape or not.

 

Bryan Gibson

 

 

Strong Wool Action Group shares vision for sector

The agenda is simple and the plan is clear for the new industry group tasked to lift the New Zealand strong wool sector out of the doldrums.

 

How NZ beef could benefit from Brexit

New forces shaping the future of UK beef imports are realising potential opportunities for New Zealand beef, according to Rabobank’s Beef Quarterly Report.

 

Fonterra drops to sixth in global dairy rankings

Asset consolidation which impacted year-on-year sales in US dollars and Euros saw Fonterra slip from fourth to sixth in Rabobank’s annual Global Dairy Top (GDT) 20 report.

 

Fonterra maintains forecast despite latest GDT fall

Fonterra has maintained its forecast range of $5.90-6.90/kg milksolids for the current season, keeping its advance rate at the midpoint of $6.40/kg MS.

 

No easy solution to personnel shortages

New Zealand is going to have to rapidly grow its workforce of rural professionals if farmers are going to meet the Government’s new freshwater rules.

 

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