The impact of the slide in
dairy prices at the latest global dairy auction could have been worse if the value of the New Zealand dollar was higher, Federated Farmers says.
Chairman of Fonterra, John Wilson, said the 2015/16 season has been incredibly difficult for farmers with global
dairy prices at unstainable prices.
Not exact matches
And even though supply management wasn't mentioned specifically, Trump clearly wants to break down the import tariffs that allow Canada's producers of
dairy, poultry and eggs to sell
at higher
prices.
The value of the quotas also spills over into higher
prices for farmland, especially whenever quota
prices are capped (
dairy quota
prices in Ontario are now fixed
at $ 25,000).
Farmers operating under supply - management boards in the Canadian
dairy, chicken and other protected agricultural sectors can be expected to offer justifications for the market power that enables them to sell their wares
at prices substantially higher than in most other countries.
After all, there is a lot
at stake financially (see «
Dairy prices go up again «-RRB-.
«Against this depressing background,
at the least, consumers will likely see further reductions in fuel
prices and an acceleration of cuts in retail
dairy prices,» Rabobank added.
Commenting on the deal, Peter Giørtz - Carlsen, Executive Vice President and Head of Europe in Arla Foods, said: «The potential for organic
dairy products in the UK is significant, and our investment in range through this licensing agreement with Yeo Valley provides a significant opportunity to offer a greater choice to consumers
at attractive
prices.
«Market
pricing in the
dairy complex will be heavily influenced by when and how vigorously China and Russia return to the world market, and the speed
at which exportable supply growth slows in key surplus regions in response to rising feed costs and increased consumption
at point of origin.»
It would allow
dairy farmers to sell young calves to beef producers
at a premium to the
price paid for Holstein calves or to rear the beef calves for an additional income stream.
EMB vice president Sieta van Keimpema warned that forced cuts to farm businesses were usually made
at the cost of animal welfare and farmers and their family's living and working conditions: «Major distortions in competition on the
dairy market have, for many years, led to
prices that are significantly lower than inherent production costs,» she said.
By Keith Nuthall Serious concerns were raised
at the European Parliament over the impending abolition of European Union (EU) milk production quotas, as
dairy prices continue to fall.
If farmers cop a
price cut, it couldn't come
at a worse time, with Australia's top
dairy producing areas facing dry conditions and the least amount of grass growth in more than 40 years.
While most
dairy processors have opened with what they say is a «strong»
price at $ 5.60 a kilogram,
dairy farmers are still hoping for step ups, or
price increases throughout the season.
At the same time, whole milk powder
prices have dived from $ US4999 ($ 6957) to $ US1856 a tonne, while skim milk powder has plunged from $ US4780 to $ US1521 a tonne, according to Global
Dairy Trade figures.
Since Murray Goulburn slashed the farm-gate milk
price from $ 5.60 a kilogram milk solids to $ 4.75 - $ 5 and warned it would not meet profit forecasts in late February, the
dairy industry has been
at the centre of a political debate.
«The National Government and Fonterra's preoccupation with growth
at all costs is making the
dairy sector more vulnerable and less resilient to swings in world commodity
prices as well as drought and extreme weather events,» Sage said.
Prices have swung from record lows to record highs,» said Michael Harvey, industry analyst
at Dairy Australia, which promotes the interests of the sector.
We firmly maintain that we are innocent of all allegations against us and
at no point sought to collude with other retailers or
dairy processors on
prices.
Major
dairying and juice communities, including those in in Bega, Wagga Wagga, Bathurst, Dubbo, Tamworth and Murrumbidgee are also expected to be affected by falling demand, caused by higher
prices at the checkout and should not be threatened by another green tax adding unnecessary cost to their products.
It is essential that co-ops would
at all times put Global
Dairy Trade results, both positive and negative, in proper perspective, including when they decide on February milk
prices, IFA
Dairy Chairman, Sean O'Leary has said.
Up to 4,000
dairy farmers recently held a three - day strike, withholding milk from
dairies, to protest
at low farmgate
prices.
«
At the root of this
price surge is prolonged hot, dry weather in Oceania which has led to milk production falling off steeply and a concomitant reduction in the processing of
dairy products,» said an update from the FAO.
[The
price of] commodity
dairy ingredients namely skim milk powder and whole milk powder... is
at historic lows and is looking like staying there for a while because of the change in buying patterns in China and the embargo in Russia.
Wiseman, one of the top three
dairy processors, raised selling
prices at the start of this year to offset the margin squeeze.
Dairy farmers in south - west Victoria, Australia, will learn how energy
prices could impact on their businesses
at a meeting next week.
Analysts expect
dairy prices to improve at this Wednesday's Global Dairy Trade auction after wet weather hampered the start of the peak months for milk produc
dairy prices to improve
at this Wednesday's Global
Dairy Trade auction after wet weather hampered the start of the peak months for milk produc
Dairy Trade auction after wet weather hampered the start of the peak months for milk production.
Subdued
dairy prices have been blamed for a 13 per cent drop in revenue generated for the Waikato regional economy by this year's Fieldays
at Mystery Creek.
«Our intention is to continue building on our track record for offering producers a competitive standard milk
price, and this increase reaffirms our position as a leading buyer of farm gate milk for the fresh milk sector,» says Pete Nicholson, milk procurement director
at Robert Wiseman
Dairies.
Anyone who has recently picked up a block of butter in the
dairy aisle
at a supermarket in Germany will have likely noticed a dramatic increase in its
price.
There is also the possibility that, following Brexit, the UK might eliminate all its import tariffs, allowing beef exports from South America and lamb and
dairy exports from New Zealand to enter the UK market
at much lower
prices than prevail
at present.
(Plus, it's organic, free of eggs, wheat, soy,
dairy, casein and gluten, all
at a reasonable
price, so pretty much everyone can use it without worry!
Average
dairy prices rose 3.6 percent to US$ 2,419 a tonne
at last night's fortnightly auction, while whole milk powder
prices increased 5.3 percent to US$ 2,260 a tonne.
This publication offers a detailed look
at the factors affecting
dairy producer margins; including regional margin projections, heifer / corn / alfalfa
prices, and Blimling forecasts.
The
price war, precipitated by Asda in July, has already undermined profitability
at British liquid milk specialist Robert Wiseman
Dairies, -LSB-...]
Dairy Farmers of America (DFA) has agreed to pay $ 46m to settle a lawsuit that alleged it manipulated trading at the Chicago Mercantile Exchange (CME) in an effort to drive up dairy product prices in th
Dairy Farmers of America (DFA) has agreed to pay $ 46m to settle a lawsuit that alleged it manipulated trading
at the Chicago Mercantile Exchange (CME) in an effort to drive up
dairy product prices in th
dairy product
prices in the US.
Dairy commodity
prices fell 7.9 %
at the latest Global
Dairy Trade (GDT) auction - the third decrease in average
prices on the platform in a row.
Farmers For Action (FFA) demonstrated and created blockades
at Arla Foods UK and Muller Wiseman
Dairies processing facilities last week, in its latest attempt to bring an end to its long - running dispute with processors over farm gate milk
prices.
Dairy product
prices are up
at Fonterra's GlobalDairyTrade auction, rising for the third time in a row and offering a boost to sentiment.
«It is very pleasing to see however the latest Fonterra milk
price at $ 6 which is 14 per cent up this period and
at $ 6 basically the
dairy farms are above their break - even point so we do expect to see less stress in
dairy going forward.»
Dairy prices fell for the second time in a row
at the latest GlobalDairyTrade auction, but analysts say the 3.9 per cent average decline has not changed the positive outlook for farmers this season.
Dairy product
prices bumped higher again
at the latest Global
Dairy Trade (GDT) auction in the wake of cyclones Cook and Debbie.
In a bid to provide a wide range of
dairy products
at competitive
prices, food manufacturers in Canada are demanding a freeze on the
price for industrial milk.
Speculation on milk
prices is keeping them
at an artificially low level and could cause the collapse of the Spanish
dairy sector, warns the organisation which represents the interests of some of Spain's smallest farms.
Fonterra chief financial officer Lukas Paravicini has rejected suggestions that the
dairy giant's decision not to pay its suppliers the full milk theoretical milk
price benefits third - party equity investors
at the expense of farmers.
Uncertainties over milk purchasing levels and payments caused by the financial crisis
at dairy giant Parmalat is forcing southern European farmers into a race to secure guaranteed sales that may quickly put pressure on milk
prices.
Ulster Farmers» Union (UFU) president, Barclay Bell, says
dairy farmers in Northern Ireland are frustrated and angry
at what he says is the derisory milk
price increase delivered by local processors.
With pressure on Lion's
dairy business there is speculation the company is a willing seller
at the right
price, but Mr West said Kirin has been «very supportive» of his strategy and only Kirin could talk about potential asset sales.
Prices at the Fonterra globalDairyTrade auction have fallen sharply for the second month running, prompting the
dairy to warn farmers of a lower than forecast payout.
Volatile
dairy prices are likely to continue in the mid term
at least, New Zealand Fonterra has warned, signaling a need for on - going margin vigilance for food makers using
dairy derivatives.