Sentences with phrase «milk price forecast»

Class III milk price forecast for 2017 was increased slightly, Class IV took a dip, and the all - milk price is was reduced to $ 17.70 to $ 17.90 for 2017.

The key question is whether this is enough — combined with other forward - looking indicators — for Fonterra to hold their milk price forecast of $ 4.60 / kgMS,» ANZ Bank New Zealand agri economist Con Williams said in a note.

Dairy farmers budgeting for next season will be interested in a milk price forecast of $ 6.10 / kg milksolids from the BNZ Economics Research group and in the details of its workings leading to upside and downside scenarios.

Chairman John Wilson said the farmgate milk price forecast has been reduced due to the continued significant imbalance in the global dairy market between weak demand and surplus supply.

Treasurer Scott Morrison has had the ACCC looking into the whole dairy industry for the past 12 months, while the competition regulator singled out Murray Goulburn earlier this year claiming it had misled farmers by overstating its milk price forecast.

Australia's largest dairy producer Murray Goulburn and its former executives misled farmers by overstating its milk price forecast, the competition regulator claims.

INVESTORS and dairy farmers are bracing for the worst from Murray Goulburn as weak commodity prices, rising debts and the soaring dollar look set to savage the co-operative's earnings and milk price forecasts.

When it came time to mail farmers their milk check this month, Agri - Mark also included a chart showing the dismal 2018 milk prices forecast, and a list of suicide prevention hotlines.

Bank economists have cut their 2016 - 17 milk price forecasts on the back of sliding prices following this week's GlobalDairyTrade auction.

Rabobank senior dairy analyst Michael Harvey said the extent of the market collapse was - for most in the industry - «beyond expectation» and inevitably led to milk price forecasts for the 2015/16 season being slashed.

Not exact matches

This publication provides a look at feed costs and forecasted mailbox milk prices in addition to the big picture fundamentals that are driving profitability.

In period one, running from June - October, it has forecast a milk price of $ 6.30 - $ 6.60 / kg MS, in the second period from November - January 2018 it rises to $ 6.35 - $ 6.65 / kg MS and from February - May, $ 6.15 - $ 6.45 / kg MS.

AgriHQ has revised its forecast farmgate milk price for 2015/16 down to $ 5.70 a kg of milksolids from a previous forecast of $ 6.50, based on NZX dairy futures prices for the first six months of the season.

Economists have pared back their forecasts for Fonterra Cooperative Group's milk payout to its farmer shareholders for the current season after dairy prices tumbled in the overnight GlobalDairyTrade auction.

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.

Mr Helou defended the price and the co-operative's $ 6.05 forecast — which if realised will be the first time farmers have been paid more than $ 6 a kilogram of milk solids for the three years straight.

Against this backdrop, the company faces a class action, is being investigated by ASIC and the competition regulator ACCC has taken legal action in the Federal Court, alleging unconscionable conduct and misleading farmers in relation to forecasting a milk price of $ 6.05 when it allegedly knew dairy commodity prices were falling globally.

Murray Goulburn slashed its full - year earnings forecasts by 40 per cent on Wednesday and said it would cut the price it pays farmers for their milk to $ 4.75 to $ 5 a kilogram just two months after saying it would maintain the farm-gate price at $ 5.60 this season.

Fonterra has announced a revised payout forecast range for the 2012/13 season, including a lower farm gate milk price (FGMP) of $ 5.25 per kilogram of milk solids — down from $ 5.50.

Murray Goulburn's share price plummeted on April 27 after it slashed its profit forecasts in late April on the back of weakened demand for its milk powder products in China.

The all milk price, which is comparable to Ireland's creamery average milk price, is forecast at $ 17.55 to $ 18.55 / 100 pounds (35.20 c / l to 37.21 c / l) for 2018, according to the latest World Agricultural Supply and Demand Estimates (WASDE) report by the US Department of Agriculture (USDA).

Although the increase in US milk production has been slightly lowered for 2017, production for 2018 is forecast higher, based on stronger milk prices and moderate feed prices.

The all milk price in the US, which is comparable to Ireland's creamery average milk price, is forecast at the equivalent of 35.20 c / l to 37.21 c / l for 2018.

Murray Goulburn slashed raw milk prices in April from $ 5.60 to $ 4.75 - $ 5 and revealed it would struggle to meet its net profit forecast, while Fonterra cut prices from $ 5.60 to $ 5 a kilogram in early May.

Murray Goulburn, Australia's biggest dairy co-operative, has confirmed a full - year forecast farmgate price of A$ 6 per kg of milk solids.

The forecast price is based on processing and manufacturing milk powders.

A drop in the forecast milk price that will slash $ 31.5 million from their earnings is the worst possible start to the festive season for Northland dairy farmers.

Fonterra Co-operative Group Limited has reduced its forecast Farmgate Milk Price for the 2015/16 season from $ 2.97 (NZ$ 4.60) per kgMS to $ 2.68 (NZ$ 4.15) per kgMS.

Fonterra has reduced its forecast farmgate milk price for the 2015/16 season by 6 % from $ 2.80 (NZ$ 4.15) per kgMS to $ 2.63 (NZ$ 3.90) per kgMS.

Fonterra has reduced its farmgate milk price (FGMP) forecast for the 2014/15 to NZ$ 6.00 (US$ 5.11, $ 3.80) per kg of milk solids (kgMs), citing «continuing volatility.»

«However, farm milk prices are forecasted to drop in 2018, and Connecticut's already struggling dairy farmers would be in dire straits without immediate federal action,» Murphy's release stated.

Fonterra has slashed its farm gate milk price (FGMP) forecast for the 2014/15 season to NZ$ 4.70 (US$ 3.63, $ 2.93)- the third such reduction since it was first announced in May.

Fonterra earlier this month reduced its forecast farmgate milk price to $ NZ3.90 per kilogram from $ NZ4.15.

New Zealand's second largest dairy company Open Country Dairy has announced its opening forecast for the new dairy season, with an average milk price of $ 6.25 - $ 6.55 paid to its farmers for every kilogram of milk solids produced.

Major milk processor Murray Goulburn has lifted its opening price for the 2017 - 18 season from $ 4.70 / kg milk solids to $ 5.20 / kg and increased its forecast range of prices for the season.

The world's biggest dairy exporter, New Zealand's Fonterra, has lifted its forecast farmgate milk price to a fresh record of $ NZ8.65 ($ 8) per kilogram of milk solids as demand for dairy commodities outstrips supply.

The EU forecast a number of factors affecting EU milk price trends including a change in world supply.

The world's biggest dairy exporter, New Zealand's Fonterra, has lifted its forecast farmgate milk price to a fresh record as demand for dairy commodities outstrips supply.

Fonterra Cooperative Group, the world's biggest dairy exporter, raised its forecast milk payout for the second time in a month, responding to signs a three - year global price slump is coming to an end.

Fonterra this month cut its farmgate milk price to $ 3.85 per kg of milksolids, from a previous forecast of $ 5.25, and added a 50c per kg support package in the form of a soft loan.

Fonterra Co-operative Group has increased its forecast farmgate milk price for the 2017/18 season to NZ$ 6.55 ($ 5.31) per kgMS.

The German Dairy Industry Association (MIV) expects a decline in milk producer prices in Germany for the first quarter of 2018, but do not dare to give a forecast on the further development of producer prices beyond the first quarter.

Fonterra has forecast a 2 per cent fall in milk production this season, but analysts said increased culling, declining use of supplementary feed, and less off - farm grazing could lead to a bigger decline, which would also be supportive for prices.