Continued downward pressure could force dairy processors to rethink forecasts

Continued downward pressure could force dairy processors to rethink forecasts
Two seasons of a farmgate price over $10/kgMS could be at risk. (Image: NZME)
Riley Kennedy
Another chunky drop in global dairy prices will likely mean dairy companies begin to rethink their milk price forecasts for the new season.Most products at this week’s Global Dairy Trade slipped as supply, boosted by peak production in the Northern Hemisphere, outstripped demand.It’s the third auction of the new dairy season and the fourth consecutive event where the average price has declined. Wednesday’s, however, was the largest, the index down 4.1% to US$4,274 (NZ$7,011) per metric tonne.Whole Milk Powder – the bigge...

More Primary Sector

Pāmu narrows profit forecast, expects record year
Primary Sector

Pāmu narrows profit forecast, expects record year

Its record year was foreshadowed last month. 

Riley Kennedy 24 Jul 2025
Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
Beefed-up tariffs on Brazil no threat to NZ’s pricing
Primary Sector

Beefed-up tariffs on Brazil no threat to NZ’s pricing

NZ is a high-value premium producer of beef, as opposed to Brazil.

Riley Kennedy 24 Jul 2025
NZ meat sector warns: Get on board or lose out
Primary Sector

NZ meat sector warns: Get on board or lose out

The EU's deforestation rules could result in a $200 million hit.

Riley Kennedy 23 Jul 2025