Dairy Australia Situation and Outlook: Small production growth forecast
DAIRY Australia has held its milk production growth forecast at 2 to 3 per cent this season following contained input costs and modest farmgate price improvements.
By: SIMONE SMITH
Source: The Weekly Times
Fonterra lifts forecast milk price for farmers
Dairy giant Fonterra has lifted its opening forecast payout for this season by 25 cents to $6.75/kg milk solids.
Synlait matches Fonterra forecast
Milk processor Synlait has matched Fonterra’s next season forecast, also setting its farm-gate milk price payout at $6.50, further evidence of increasing confidence in the hard-hit dairy sector.
Fonterra announces earning per share forecast for 2016/2017
Fonterra Co-operative Group Limited has today announced a forecast earnings per share range for the 2017 financial year of 50 to 60 cents. The forecast Farmgate Milk Price has been maintained at $4.25 per kilogram of milksolids (kgMS), making the total payout available to farmers in the 2016/17 season $4.75 to $4.85.
Dairy 'super downcycle' now on, says Rabobank
The world’s dairy trade is in the midst of «super» downcycle that will take time to work through, Rabobank’s head of food and agribusiness research for Australia and New Zealand, Tim Hunt, said.
ANZ’s milk price forecast at $3.95
ANZ has dropped its milk price forecast to $3.95 for the current season and suggested the opening round of forecasts for 2016-17 could well be sub-$5.
Auction fall puts Fonterra's price under pressure
Dairy prices eased for the second time this year at the overnight GlobalDairyTrade (GDT) auction, putting more downward pressure on Fonterra’s farmgate milk price forecast.
No European milk flood this year, EU forecasts
The end of milk quotas will not cause a surge in European milk production this year, according to new forecasts.
Declining milk prices hit Landcorp profit forecast
The decline in milk prices has made its presence felt in Landcorp’s operating earnings forecast for the 2014/15 June year.
Dairy drop 'catastrophic'
Waikato farmers and the wider agricultural industry are bracing for another deep cut to this season’s dairy forecast.