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5 Jul 2020 19:13
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  •   Home > News > Rural

    Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis

    Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis


    Rabobank has lowered its predicted payout chiefly because less milk is likely to be consumed globally.

    Senior analyst Michael Harvey says milk consumption will take a big hit in Europe and the United States and that will flow through to farm gate prices.

    He says China is making a recovery but is expected to need less dairy products.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
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     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
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