Tag Archives: dairy

The New Zealand dollar fell after prices for the nation’s largest commodity export declined in the latest GlobalDairyTrade auction overnight. The kiwi weakened to 77.91 US cents at 8am in Wellington, from 78.76 cents at 5pm yesterday. The trade-weighted index dropped to 78.25 from 78.71 yesterday. Dairy product prices slipped to a fresh five-year low in the latest fortnightly auction, because of a drop in …

Dairy product prices slipped to a fresh five-year low in the latest GlobalDairyTrade auction, because of a drop in whole milk powder. The auction follows figures showing New Zealand’s terms of trade fell from a 40-year high in the third quarter, led by an 11 percent drop in prices of exported dairy products. In November, New Zealand commodity prices fell …

New Zealand tractor sales hit their highest level in a decade in the third quarter as farmers benefiting from this year’s record milk payout and the high local currency bought new equipment. Tractor registrations rose 8.8 percent to 925 in the three months through September, from the same quarter a year earlier, according to Land Transport Safety Authority figures published by Statistics …

Westland Milk Products, the Hokitika-based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over-supply of dairy products and a relatively high kiwi dollar had crimped cash flows. Westland cut its forecast for the 2014/2015 season by 40 cents to a range of $5 to $5.40 per kilogram of milk solids, from a …

A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia’s largest economy. Under the deal, CSF will exclusively import the infant formula and provide government relations and advice, while the Auckland-based company will takeover distribution in China and expand its network, a2 …

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. The GDT average winning price slid 3.1 percent to US$2,561, the lowest level since August 2009, down from US$2,649 two weeks ago. Some 39,613 tonnes of product was sold, down from 45,499 …

ASB has trimmed its milk price forecast to $4.70 per kilogram of milk solids following dairy product prices in the latest GlobalDairyTrade auction falling to the lowest level in more than five years. The GDT average winning price slid 3.1 percent to US$2,561 overnight, the lowest level since August 2009, and down from US$2,649 two weeks ago. Some 39,613 tonnes of …

The China/Australia Free Trade Agreement, or “CHAfta” as it is being called, gives Australian dairy farmers much better access to the Chinese infant formula market, which they have been beaten out of by the New Zealanders in recent years. Agricultural sector writer Alan Emerson recently noted that in 2009 New Zealand and Australia produced approximately the same amount of milk. …

There can be little doubt that the Australian’s have pulled off a rather remarkable piece of diplomatic manoeuvring to strike what appears to be such a comprehensive and far reaching Free Trade Agreement with the Chinese government. The broadly based FTA includes agreement on areas including Agriculture, Resources, Service industries, Investment and Worker mobility. Few expected anything so extensive or …

 Dairy product prices were relatively stable in the latest GlobalDairyTrade auction, with the whole milk powder price index advancing. The GDT average winning price edged higher to US$2,649, up from US$2,646 three weeks ago, though the GDT price index slipped 0.3 percent. Some 45,499 tonnes of product was sold, down from 50,816 tonnes of product three weeks ago. Dairy prices …