Dairy

Global milk supply takes toll on commodity prices

The “rising tide of milk” has seen sentiment in the global dairy industry begin to wane, as growth in exportable surpluses across key milk-producing regions gains momentum, according to Rabobank’s latest Dairy Quarterly report.

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Fonterra reduces forecast farm gate milk price

Fonterra Co-operative Group Limited reduced its forecast Farmgate Milk Price for the 2017/18 season from $6.75 to $6.40 per kgMS, and updated the market on its financial results for the first three months of the 2018 financial year.

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ACCC recommends mandatory code of conduct

A mandatory code of conduct should be considered for the Australian dairy industry to address problems caused by bargaining power imbalances between processors and farmers, according to recommendations made by the ACCC in its interim report from its inquiry into the industry.

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