Forsyth Barr: 86c/kgMS between milk payout and break-even

The weakened price for NZ's milk is largely due to lacklustre demand from China. (Image: Getty)

Mon, 11 Sep 2023

Forsyth Barr analysts estimate there is a gap of nearly 90c per kilogram of milk solids between the current milk price and dairy farmers' break-even point.Global dairy prices have been under significant pressure this season, with prices hitting a near-five-year low at the Global Dairy Trade (GDT) auction.Since the start of the season, prices have fallen at all but one of the fortnightly auctions. The GDT index has dropped more than 12% since the June 6 auction.The weakened price is largely down to lacklustre demand from China, the world&rsq...

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