Global dairy prices dropped for a fourth consecutive time at a fortnightly auction on Wednesday as production in New Zealand showed signs of a potential turnaround after weak levels earlier in the season.
The world’s top dairy exporter, New Zealand’s Fonterra Co-operative Group Ltd, said on Tuesday that milk production in its home market fell 1 percent in March, pointing to support for global dairy prices.
Fonterra said on Friday its domestic milk production in January had fallen 5 percent year-on-year, which could be seen as a boon for global dairy prices as New Zealand is the world’s largest dairy exporter.
Too much milk leaves markets looking dim, but Host Chip Flory is looking for some optimism. The questions is, will he find any? Pro Farmer Dairy Editor Mike Opperman joins the show to give some insight.
New Zealand, the world’s biggest dairy exporter, will spend more than NZ$880 million ($610 million) in a bid to eradicate the mycoplasma bovis cattle disease, Prime Minister Jacinda Ardern said on Monday.
In an exclusive interview with the DC Signal to Noise Podcast, House Ag Committee Chairman Collin Peterson comments on some important farm, trade and energy policy issues, along with his potential re-election timeline.