US EditionDairy Giant New Zealand Endures Butter Price Shock
NEW ZEALAND, JUL 17 – Global dairy prices rose 14% year-on-year with butter up 59%, while Fonterra warns geopolitical conflicts continue to create uncertainty in the market outlook.
- On July 15, the Global Dairy Trade price index rose 1.1pc, marking its first increase since early May on the back of jumps in whole and skim milk powder.
- Fonterra's chief financial officer Andrew Murray warned, noting geopolitical conflicts added to market risks amid rising dairy prices.
- According to Stats New Zealand, butter prices leapt 46.5pc in the year to June to NZ$8.60 per 500 g block, with local supplies cut short.
- Higher dairy payouts have injected NZ$4.6 billion into the economy, independent economist Brad Olsen said, adding economic benefit.
- Dalilah Ghazalay said, noting Southeast Asia's robust dairy demand despite macro challenges and projecting 4.7 percent GDP growth supports optimistic export outlook, with $1.02 billion in 2024 exports.
46 Articles
46 Articles
Eat Well For Less NZ couldn’t have returned at a more appropriate time
Tara Ward watches the return of TVNZ’s popular lifestyle series that teaches us how to eat healthier while saving money. This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. Amid the all-you-can-eat buffet of depressing news this week, the revelation that the price of butter has doubled in a year had me crying into my dry toast. The cost of living crisis appears to be just normal life now, so even if you don’t buy lu…
Dairy demand seen remaining robust in Philippines
BANGKOK, Thailand—Despite short-term market challenges, the United States expects robust dairy demand in the Philippines and Southeast Asia due to their young population, rising incomes and positive economic outlook. “Even though everyone was impacted by the inflation and the worries of many other macro factors that impact the supply chain, the demand for dairy remains
China to control dairy farm production to prop up prices, official says
China will adjust dairy farm output capacity in an “orderly manner” and control new production, an official from the agriculture ministry said on Thursday, in a bid to buoy prices and help dairy farmers turn a profit.
Farmers blame supermarkets over butter prices
Reading Time: 3 minutes Supermarkets aren’t moving fast enough to lower the price on dairy products for consumers when there is a drop in cost, says the Federated Farms dairy chair. Latest figures out on Thursday had food prices shooting up 4.6 percent from last year. The price of a block of butter is now 120 percent higher than it was 10 years ago, and increases in dairy prices in general helped pull up food prices in June, Stats NZ said. Milk …
Stop Hemorrhaging Money on Feed: The Million-Dollar Risk Management Arsenal That's Separating Profitable Dairies from the Walking Dead
Stop gambling with feed costs like it’s 1985. Smart dairies lock in 35% cost stability while competitors bleed $228K annually. Here’s their playbook. Feed price chaos just became the ultimate herd killer, with expenses now devouring 77.2% of operating costs and 50.7% of total production costs (USDA Economic Research Service), costing a typical 1,000-cow operation […] The post Stop Hemorrhaging Money on Feed: The Million-Dollar Risk Management Ar…
Coverage Details
Bias Distribution
- 54% of the sources are Center
To view factuality data please Upgrade to Premium
