Subscribe today - find out more
Why you should consider BusinessDesk
Primary Sector

Dairy prices sour, economists rethinking forecasts

Rebecca Howard
Wed, 21 Jul 2021

Last night's auction was the 7th consecutive fall in prices (Image: Unsplash)
Rebecca Howard
Wed, 21 Jul 2021
The ongoing souring of global dairy prices is leading some economists to rethink their forecasts for this season’s milk price.Whole milk powder prices fell 3.8% to US$3,370 a tonne, despite a large reduction in offer volumes. Skim milk powder fell 5.2% to US$2,971.It was the seventh consecutive fall and surprised markets, which had expected the lack of supply to spur bidders into action.Late last week Fonterra said it was removing 19,500 tonnes of WMP from the GDT platform between August and November 2021, along with 1,000 tonnes it remov...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

Sponsored
How events can support a sustainable future

Sustainability has become a fundamental characteristic of a responsible business. It’s no longer just about “doing the right thing for the environment”, but now a much more holistic proposition where businesses have a real responsibility to embrace sustainable business practices - or risk being left behind.

Sponsored
5 trends as construction begins towards carbon neutrality

Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.