Pricing Pressures

Fonterra is hiking its milk price by 25 cents per kgMS.

Fonterra hikes farmgate milk price by 25 cents

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to NZ$6.75 (US$5.09) per kilogram of milksolids (kgMS).

India is expected to maintain its position as the world's largest butter producer through the forecasted period. ©iStock/Grigorenko

India to become world’s largest producer of milk by 2026

By Mary Ellen Shoup

Milk production is expected to accelerate worldwide especially in India where it will grow 49% by 2026, contrasting with the steady decline of milk consumption in developed markets like the US, according to the OECD-FAO Agricultural Outlook 2017-2026.

Participants at the IFCN Dairy Conference 2017

IFCN conference looks at milk price cycle

By Jim Cornall

The 18th IFCN Dairy Conference took place from June 10-14 in Kiel, Germany, with participants looking at the most recent analysis of developments in 2016 and 2017.

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