Sunday, July 3, 2022

My Daily Digest: May 26, 2021

A move in the right direction   Twelve billion dollars – that’s what Fonterra’s farmers will be contributing to the New Zealand economy if next season’s forecast of $8/kg MS holds up. It’s a record opening forecast for the co-op and proof that the appetite for NZ dairy is not only holding but growing despite the pandemic.

Suppliers will probably be sighing with relief rather than jumping for joy, though.

Costs are also increasing and with more regulation part of the game now, meeting those rules will also add to outgoings.

Still, it all points to NZ dairy moving into a more secure, sustainable and profitable space.

Recent real estate figures, which show a sharp increase in the value of sales, also point to confidence in the sector.

With numbers this good it’s puzzling how the sector is still struggling to attract workers looking for a better life.


Bryan Gibson


Fonterra announces $8 forecast for new season

Fonterra's opening forecast for the 2021-22 season is $7.25-$8.75/kg MS, with a midpoint of $8/kg MS.



NZ could benefit from EU-UK carbon surge

Soaring carbon prices in the European Union point to continuing upside in the New Zealand market, which continues to sit significantly below its Continental counterparts.



Network for women in seed

More than 100 women working in the arable seed business shared the industry’s future insights at the Canterbury Women in Seed forum.



Things to consider before Moving Day

Rural insurer FMG has three tips for farmers and contract milkers to support a successful Moving Day this year.



SIDE makes history in Ashburton

The South Island Dairy Event (SIDE) will be held in Ashburton for the first time.


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