{"id":21901,"date":"2025-02-19T09:41:33","date_gmt":"2025-02-19T09:41:33","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=21901"},"modified":"2025-02-19T09:52:04","modified_gmt":"2025-02-19T09:52:04","slug":"new-zealand-again-turns-milk-bullish-at-10-kgms","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/02\/19\/new-zealand-again-turns-milk-bullish-at-10-kgms\/","title":{"rendered":"New Zealand again turns milk-bullish at $10\/kgMS"},"content":{"rendered":"\n

For the second year, milkmen in New Zealand could again bag a NZ$10<\/u><\/a> ($5.72) per kilogram of milk solids (kgMS) farm gate average. <\/p>\n\n\n\n

As the last quarter of the 2024-25 season closes in May, milk could still lock at the forecast NZ$10+ ($5) per kgMS.<\/p>\n\n\n\n

Westpac\u2019s forecasts have even got bold enough to bet that the product might hit NZ$10.30 ($5.90) a kgMS soon.<\/p>\n\n\n\n

The estimates, which have proven correct so far, glean data from the domestic Global Dairy Trade (GDT) auction. <\/p>\n\n\n\n

Up to mid-February 2025, the auction had brought milk prices in New Zealand<\/u><\/a> up by 3.7%, week-on-week. <\/p>\n\n\n\n

Auction Prices Drop<\/strong><\/strong><\/h3>\n\n\n\n

However, on the auction night of February 17-18, the prices at GDT slipped by a cumulative 0.6%<\/u><\/a>. <\/p>\n\n\n\n

The most affected product, which often determines  the farm gate rates of the leading dairy hubs like Fontera was milk powder. It slid by 0.2% to US$4,153 a tonne.<\/p>\n\n\n\n

Despite the slide, milk powder is still a strong performer buoyed by a 5% and 4.1% consecutive weekly rises since early February. <\/p>\n\n\n\n

Skim milk powder in its part lost 2.5% to US$2,754 a tonne, after having risen 4.7% in the foregoing auction.<\/p>\n\n\n\n

Low Costs<\/strong><\/strong><\/h3>\n\n\n\n

Despite the latest drop on the 18th<\/sup>, low costs are keeping NZ\u2019s milkmen locked onto the top dollar price of NZ$10 ($5).<\/p>\n\n\n\n

Indeed, a study by Racobank shows that the Oceania region wallows at the bottom of milk production costs worldwide.<\/p>\n\n\n\n

NZ and Australia share an enviable US\u00a237<\/u><\/a> (NZ\u00a20.65) a liter in production costs while the global average is US\u00a20.47 (NZ\u00a282) a liter.<\/p>\n\n\n\n

Currency weakness against the dollar has apparently also helped New Zealand earn a 9% production cost discount in 2024. <\/p>\n\n\n\n

This is happening despite worldwide feed costs pushing overall dairy expenses up by 19% between 2019 and 2024. For now, New Zealand where rain has resurfaced after a dry El Ni\u00f1o summer is not feeling the feed pinch.<\/p>\n\n\n\n

It thus looks like the reigning positive performance is propelling New Zealand\u2019s farm gate milk towards a dream\u00a0NZ$10.30<\/u><\/a>\u00a0($5.90) a kgMS. In a cost analysis set up, this means that most farmers can get a profit of at least NZ$2 ($1.14) per kgMS. Below is further statistical examination of the dairy price performance in the Oceania nation in recent years.<\/p>\n\n\n\n

New Zealand Dairy Prices Statistics<\/strong><\/strong><\/h2>\n\n\n\n

After beginning poorly in 2024 at NZ$59.27<\/u><\/a> ($33.93) per 100 liters, milk prices in New Zealand rebounded late 2024. <\/p>\n\n\n\n

By the start of the new market year in June 2024, they had breached the NZ$60-per-100 liters mark. By the end of the year, they were at NZ$76<\/u><\/a> ($43.50) per 100 liters. This is their highest point since they had hit NZ$72.96 ($41.76) in January 2022, during the pandemic. <\/p>\n\n\n\n

How have payouts in <\/strong>NZ in <\/strong>kgMS turned out lately<\/strong>? <\/p>\n\n\n\n

New Zealand\u2019s dairy farmers had their strongest per-kgMS prices in the past two decades during the 2024-25 season. The prices ranged between NZ$9.50 and10.15 per kgMS<\/u><\/a> ($5.44-5.81) in five of the leading dairy houses. These include Fontera, Tatua, Westland, Synlait and Oceania Dairy. The 2024-25 price is a far cry from the two-decade low of NZ$3.34 ($1.91) per kgMS in the 2002-3 period.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the second year, milkmen in New Zealand could again bag a NZ$10 ($5.72) per kilogram of milk solids (kgMS) farm gate average.  As the last quarter of the 2024-25 season closes in May, milk could still lock at the forecast NZ$10+ ($5) per kgMS. Westpac\u2019s forecasts have even got bold enough to bet that the product…<\/p>\n","protected":false},"author":3,"featured_media":21226,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nNew Zealand again turns milk-bullish at $10\/kgMS - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/02\/19\/new-zealand-again-turns-milk-bullish-at-10-kgms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Zealand again turns milk-bullish at $10\/kgMS - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"For the second year, milkmen in New Zealand could again bag a NZ$10 ($5.72) per kilogram of milk solids (kgMS) farm gate average.  As the last quarter of the 2024-25 season closes in May, milk could still lock at the forecast NZ$10+ ($5) per kgMS. 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