Global dairy prices slump 4.9% in biggest fall in two years as supply surges
By RNZMilk prices have had their largest drop in two years at the Global Dairy Trade auction.The average price fell 4.9% overnight to US$3793 ($6685).It follow…
NZ Herald ·
By RNZMilk prices have had their largest drop in two years at the Global Dairy Trade auction.The average price fell 4.9% overnight to US$3793 ($6685).It follow…
NZ Herald ·
Great... just in time for the next Fonterra payout to tank. Love watching my livelihood get flushed down the toilet 😂
me about it. Week 42 of eating mince and rice here.
And yet the supermarket price of butter never seems to follow these 'slumps' 🙄
milk has us by the balls 😂
fair call. They're a massive part of our economy though.
Ah man, that's rough for the farmers. Hope they weather this one okay.
nah get stuffed. we need farmers. but Fonterra can get in the bin.
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What a load of shit. Record production then prices drop. Who saw that coming?
yeah nah the banks are gonna love this. more debt restructuring coming
Maybe if Fonterra didn't flood the market we wouldn't be in this mess. Simple supply and demand.
"storm in a teacup" say the people who don't rely on it for income
sick of hearing about dairy prices. what about the cost of living? milk is still $4 a litre here.
Another reason to go plant-based tbh. The dairy industry is a rollercoaster.
Fonterra. Overproduce, panic, repeat.
Can we stop pretending Fonterra cares about anyone but their shareholders?
ffs just when you think things might turn around. nah, have another 5% drop.