Friday, July 8, 2022

My Daily Digest: January 6, 2021

Dairy still on steady footing  Last night’s GDT auction saw another lift in dairy commodity prices and will have given farmers a positive start to the year.

Whole milk powder prices rose for the fourth auction in a row and it looks as though the price recovery is baked in, with buying across all contract periods lively.

A $7-plus milk price will be music to farmers’ ears after production dipped a bit in November and coupled with some recent rain in many regions, the sector is enjoying its moment in the sun.

A big rise in the price of butter points to a bounceback in the global foodservice sector, according to NZX dairy analyst Amy Castleton, which will further boost morale across the New Zealand primary industries, many of which target that higher end.

 

Bryan Gibson

Dairy prices start 2021 with a bang

A hefty rise in global dairy prices will see the Kiwi dollar push higher as demand for New Zealand’s main export commodity remains strong.

 

B+LNZ expects drop in exports

Despite the challenges of widespread drought and covid-19 processing restrictions, sheep farmers have recorded a remarkable lambing performance for 2020.

 

Pressure on Canada over dairy quotas

A parting shot from Donald Trump at Canada’s failure to live up to its commitment to open up its dairy markets is being welcomed by exporters here who have similar gripes with the Canadians.

 

Rural land fund up and running

New Zealand Rural Land Company (NZRLC) has raised $75 million and listed on the stock exchange to acquire and lease out substantial South Island dairy farms already identified.

 

Have a say on workforce education, training

Feedback is being sought on foundation documents for a new primary industries workforce development council (WDC).

 

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