Fonterra aims to raise milk prices by issuing supply reduction news

Tuesday, 03 February 2015 15:11 Published in News & Updates

New Zealand's Fonterra Co-operative Group announced Jan. 29 that it plans to reduce the quantity of milk it will offer for the 2014-15 season as the country is teetering on the edge of a drought. A Chinese expert said the move could be deemed as an attempt by the company to boost consumer interest and raise prices of raw milk..Read more

Synlait urges caution on ideas of dairy price rebound

Tuesday, 03 February 2015 15:05 Published in News & Updates

New Zealand - Synlait cast doubt on ideas of a strong revival in dairy prices, saying that a surge in Chinese milk production, besides high inventories, were behind the modest demand from the key importing country. New Zealand-based Synlait forecast a "modest recovery of prices in the short term" for whole milk powder,..Read more

Dairy Prices Should Recover in Second Half of 2015

Wednesday, 28 January 2015 08:46 Published in News & Updates

 While not a certainty, global milk prices are liekly to recover beginning in the third and fourth quarter of 2015, says Tim Hunt, global dairy strategist for Rabobank. Hunt spoke this afternoon at the 2015 Dairy Forum here in Boca Rotan, Fla. "As dairy product prices come down globally, we'll squeeze out demand that we had shut down for the past two years,"..Read more

Chinese farmers dumping milk to cut costs

Sunday, 25 January 2015 16:20 Published in News & Updates

China - With high demand for foreign imports and domestic dairy industry damaged by scandal, farmers are dumping milkand slaughtering cattle in order to save money feed. According to local reports, small farmers in Shandong, Qinghai and hebei provinces are pouring milk down drains, while others are feeding surplus millk to pigs..Read more

Dairy prices rise again, but payout likely to fall; China property market gains, growth better than expected; IMF downbeat; UST 10yr yields fall; NZ$1 = 76.9 USc, TWI = 79.2

Thursday, 22 January 2015 08:57 Published in News & Updates

New Zealand - Here's my summary of key issues that affect New Zealand overnight with news of another small rise in dairy prices. The overnight Fonterra auction saw prices rise +1% although the important wholemilk powder price was up +3.8%. At the same time the NZ dollar fell a bit more than half a cent so that means that..Read more