DairyNZ ups forecasts as interest rates decline, payout increases

(Image: Supplied)

Mon, 16 Sep 2024

DairyNZ has upped its forecasts for the current season as farmgate prices improve and costs decrease.In its previous quarterly Econ Tracker update, the industry body had predicted a “relatively” challenging season with expenses remaining high.It was forecasting a payout, including dividends, of $8.34 per kilogram of milk solids (kgMS) with a breakeven of $8.07/kgMS.DairyNZ’s head of economics Mark Storey said in the past few weeks, a combination of declining interest rates and improved farmgate milk prices have created a more...

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