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New Zealand milk price of 31.5c/l forecast
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New Zealand milk price of 31.5c/l forecast

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Despite the global market remaining fragile, New Zealand's agriculture minister is remaining upbeat on milk prices.
Despite the global market remaining fragile, New Zealand's agriculture minister is remaining upbeat on milk prices.

Although the recovery in the global dairy markets has slowed, a strong milk price in New Zealand is being forecast.

The minister responsible for New Zealand agriculture, Nathan Guy, was in Ireland recently and he spoke exclusively to the Irish Farmers Journal.

Minister Guy said both he and the New Zealand dairy industry remain positive about milk price in the medium to long term.

Prices last season dipped to lows of NZ$3.90/kg (17.5c/litre), which was down from NZ$8.75/kg milk solids (39.3c/l) in 2014.

“It [milk price] is $6/kg (26c/l) at the moment. We are forecasting that it will climb up to $7/kg (31.5c/l ex-VAT), ...

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