Pricing Pressures

Synlait said its forecast relies on pricing remaining robust throughout the season. Pic: ©Getty Images/pavlinec

Synlait sets 2019/20 forecast milk price

By Jim Cornall

New Zealand dairy company Synlait Milk has set its opening forecast base milk price for the upcoming 2019/2020 season at NZ$7.00 kgMS (US$4.58).

Edge believes the aid will provide only partial and short-term relief for farmers. Pic: Getty/Annimei

USDA authorizes $16bn aid package for US farmers

By Beth Newhart

US President Donald Trump and US Secretary of Agriculture Sonny Perdue announced ‘several actions’ to help farmers in the wake of the recent trade war with China, including $16bn in aid.

Without an agreement, America is in danger of being left behind in its fourth biggest market. Pic: ©Getty Images/Nelson_A_Ishikawa

Why the US needs to sign a trade deal with Japan

By Richard Whitehead

While America continues to wage its trade war against China with ever-inflating tariffs, it would be well advised to look at at trade agreements with another vitally important East Asian market.

Overall, global milk supply growth will likely remain flat through 2020. Pic: Getty/Tim Allen

US milk production drops in the midwest

By Beth Newhart

In the first quarter of 2019, US dairy production and exports were down compared to Q1 2018, particularly in the midwestern states. Globally, dairy is still dominated by a few key players and facing challenges from African Swine Fever.

Fonterra's Fixed Base Milk Price is a risk management tool that lets farmers lock in a set price for up to 70% of the season’s milk before it starts. Pic: ©Getty Images/petej

Fonterra announces fixed base milk price for 2019/20

By Jim Cornall

Fonterra farmers in Australia participating in the company’s Fixed Base Milk Price will be paid a guaranteed price of A$6.80 (US$4.74) per kilogram of milk solids (kgMS) for a portion of their milk for the 2019/20 season.

Hochdorf said due to higher costs and depreciation the half-year result is expected to be significantly below that of the previous year.

News in brief

Hochdorf says first-half results will be down

By Jim Cornall

Switzerland’s Hochdorf Group has warned that its half year results are going to be worse than expected partly due to the challenges of integrating subsidiaries.

Synlait has applauded the New Zealand government's sustainability initiative. Pic: ©Getty Images/PatrikStedrak

Synlait supports Zero Carbon Bill

By Jim Cornall

New Zealand dairy company Synlait has responded positively to the government's Zero Carbon Bill announcement, which includes new methane targets.

The decision tool assists producers with calculating total premiums costs and administrative fees associated with participation in DMC. Pic: ©Getty Images/steverts

USDA launches decision tool for Dairy Margin Coverage program

By Jim Cornall

US Agriculture Secretary Sonny Perdue has announced the availability of a new web-based tool – developed in partnership with the University of Wisconsin – to help dairy producers evaluate various scenarios using different coverage levels through the new...