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.
Tariffs impacting dairy trade, a dairy processor buying a majority stake in a non-dairy milk company and a conservation easement program aimed at helping dairy farmers in New York are making headlines..
New Zealand's Fonterra Co-operative Group said on Thursday it will cut the price it pays Australian dairy farmers for their milk, following a similar move by rival Murray Goulburn amid a fall-off in demand from China.
President Trump hopes to sign a trade deal to open more agricultural and industrial opportunities with India shortly after the conclusion of the Senate impeachment trial, according to Pro Farmer’s Jim Wiesemeyer.