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29 Mar 2024 5:06
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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.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Business:
    The Government's made a new pay offer to Police 21:57

    Entertainment:
    Lily Allen was introduced to Mila Kunis and Ashton Kutcher as Rita Ora - and was too mortified to disclose who she really was 21:53

    Entertainment:
    Mel B's fiance visited her father's grave to "ask permission" to propose to her 21:23

    Accident and Emergency:
    State Highway 6 is blocked by a serious crash, South of Lake Paringa in the South Island's Tasman region 21:17

    Accident and Emergency:
    State Highway One is has now reopened between Kaikoura and Riverlands - after a two-vehicle collision at Kekerengu, north of Kaikoura, this morning 21:17

    International:
    Shopper swallowed as shopping mall floor collapses in eastern China 21:07

    Entertainment:
    Kris Jenner won't spend quality one-on-one time with her grandchildren because it would cost her too much time and money 20:53

    Law and Order:
    A person has died following an incident at a restaurant in Auckland's Browns Bay 20:27

    Entertainment:
    Halle Berry's perimenopause symptoms were mistaken for herpes 20:23

    Entertainment:
    Keke Palmer wants 10 kids 19:53


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