Upswing Welcome
Doug Steel -
There has been a decent upswing in global prices for some of NZ’s major primary export products over the past year. For example, wholemilk powder prices are up 18%, the price of a leg of lamb is up 41%, and the US imported bull beef price is up 24%.
More Milk Money
Doug Steel -
This season’s price outlook for dairy farmers has continued to strengthen. The early November GDT auction was buoyant, adding to the recent trend higher, seeing prices 23% higher than a year ago. Demand at the auction looked strong with the number of unsatisfied bidders above average, as was participation.