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2 Jul 2020 17:58
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  •   Home > News > Rural

    Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis

    Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis


    Rabobank has lowered its predicted payout chiefly because less milk is likely to be consumed globally.

    Senior analyst Michael Harvey says milk consumption will take a big hit in Europe and the United States and that will flow through to farm gate prices.

    He says China is making a recovery but is expected to need less dairy products.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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