Confidence backs Synlait milk price

Synlait has forecast a milk price for the new season of $6.50/kg of milksolids, matching the price set by dairy industry leader Fonterra last week.

Milk fears push powder futures up

Whole milk powder futures have hit $3000 a tonne on fears production will fall in the wake of heavy rain over the country this week.

Bearish start to GDT for the year

Dairy markets had a bearish start to the New Year with prices falling 7.7% for whole milk powder at the overnight Global Dairy Trade auction.

Dairy prices finish 2016 down slightly

Dairy commodity prices have stumbled at the final hurdle of the year with prices easing 0.5% at the Global Dairy Trade (GDT) event overnight.

ComCom to look deeper at Fonterra concerns

The Commerce Commission today released its final report on its annual statutory review of Fonterra’s Milk Price Manual for the 2016-17 dairy season.

GDT lifts whole milk powder price 19.8%

A whopping leap of 19.8% in the whole milk powder price led a raft of rises for products sold at last night’s GlobalDairyTrade auction.

Big milk fall

The giant cloud over northern North Island milk production has caused Fonterra to dramatically reduce its collection forecast, which should boost world dairy prices.

Fonterra Australia raises milk payment

Fonterra’s Australian business has raised its average farmgate milk price to A$5.10 a kilogram of milksolids and increased its forecast closing price because of strengthening global dairy prices.