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27 Jun 2022 14:54
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  •   Home > News > Business

    Seismic global events have left the milk market on shaky ground

    Seismic global events have left the milk market on shaky ground


    Rabobank's latest Dairy Seasonal Outlook forecasts a farmgate milk price of nine-dollars per kilogram of milk solids, for the 2022 to 2023 dairy season.

    But it says farmers need to control costs and manage their risks - thanks to an uncertain outlook.

    Senior agricultural analyst Emma Higgins says ongoing lockdowns in China - where about 45 percent of our dairy exports go - have weakened demand.

    Higgins says the war in Ukraine is also putting pressure on input costs.

    She says there's been a broad-based upswing in commodity prices affecting fertiliser, fuel and feed.

    © 2022 Newstalk ZB, NZCity

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