Dairy prices tumble 5% at latest auction – Gerard Hutching:
Prices plunged at the latest global dairy auction by 5 per cent per cent to reach an average of US$3232, the most dramatic decrease seen in the index this year.
The price for New Zealand’s key export whole milk powder (WMP) was US$2905, a fall of 7.3 per cent. Futures markets had suggested WMP might fall by 1 per cent.
AgriHQ said Fonterra’s latest Global Dairy Update appeared to have given the market the jitters, especially for WMP. . .
Trade dispute causes dairy prices to tumble – Fran O’Leary:
Dairy markets appear to be reacting negatively to President Donald Trump’s decision to place tariffs on Mexican steel and aluminum, and on a number of Chinese products.
“In retaliation, Mexico announced that they will place a tariff on U.S. cheese, and China announced tariffs on some dairy products, corn, soybeans and other products. Mexico is the largest export market for U.S. cheese,” says Bob Cropp, University of Wisconsin Extension dairy economist.
“In 2017, Mexico accounted for 28.3% of U.S. cheese exports. While these tariffs didn’t take effect until July, and the degree of impact on U.S. dairy exports is unknown at this time, dairy product prices have already fallen.” . .
2019 Zanda McDonald Award now open:
Talented young agri-leaders from Australia and New Zealand are being urged to apply for the 2019 Zanda McDonald Award. Applications for this prestigious award open today, with an impressive prize package worth over $50,000 up for grabs.
Now in its fifth year, the award provides the winner with an all-expenses paid trans-Tasman mentoring trip, $1,000 cash, a place on Rabobank’s Farm Managers Course, and access to the Platinum Primary Producers (PPP) Group – a network of over 150 influential agri-business men and women from across Australasia.
Richard Rains, Chairman of the Zanda McDonald Award, says the award provides a fantastic opportunity for young agricultural leaders to further their career and their personal development. . .
Backing our Southern men:
There’s something magical about having a hometown advantage.
But that advantage comes with a twist for two southern men who are competing in the FMG Young Farmer of the Year grand final in Invercargill this week.
Technically, there are two southerners competing in the final, but they represent different regions in the contest.
Logan Wallace, 28, leases his parents farm at Waipahi in south Otago and is the Otago-Southland regional finalist, while Cameron Black, 25, who is based in Christchurch as a rural consultant for New Zealand Agri Brokers is the Aorangi regional finalist. . .
A2 Synlait agree to extend infant formula supply deal – Sophie Boot
(BusinessDesk) – Dairy marketer A2 Milk and milk processor Synlait Milk have agreed to extend their infant formula supply deal and increase the volume of formula Synlait will supply as the two continue to focus on sales in the lucrative Chinese market.
A2 and Synlait first signed a supply agreement in 2012 to support the milk marketing firm’s plans to launch infant formula sales into China, and inked a new deal in August 2016 providing for increased scale if market demand warranted it.
The companies’ arrangements were for a minimum of five years from 2016, with a rolling three-year term from August this year, but have been extended by two years so will last until at least July 2023. Synlait will increase the volume of infant formula products it is A2’s exclusive supplier for and increase its committed production capacity. . .
Latest report from Land and Water Forum:
The Government has said it will act immediately on some recommendations of the Land and Water Forum. This includes prioritising action in the most “at-risk” catchments.
Advice was sought by Environment Minister David Parker and Agriculture Minister Damien O’Connor on a number of issues on waterways and the primary sector.
“The Government will act on some of the Forum’s recommendations immediately, while the remaining recommendations will be considered in more detail as part of our work programme,” David Parker said. . .
First female arable chair joins Feds national board:
Federated Farmers has a new board member as a result of elections held during last week’s national conference in Wellington.
Karen Williams, who was elected arable chairperson at that industry group’s annual meeting in Timaru in June, was elected to the national board by delegates from Federated Farmers’ 24 provinces. She replaces Guy Wigley, who stepped down after three years as arable leader. . .
A new chapter in the history of Vidal – one of New Zealand’s oldest wineries:
On June 30 the doors of the Vidal Estate winery and restaurant in Hastings closed for the last time. It was a historic moment for the winery established by pioneer Anthony Vidal in 1905, but the future of Vidal Estate looks bright with the relocation to a new state-of-the-art winery located in the Gimblett Gravels, Hawkes Bay.
To make great wine, the closer to the vineyards the better, said Hugh Crichton, winemaker at Vidal Estate. “It was an exciting time to move our winemaking base out to the Gimblett Gravels for vintage 2018. While it has been immensely satisfying to ferment and age our wines in the historic cellars in Hastings there’s no denying there were challenges. Being closer to our vineyards and working within a winery designed for quality will without a doubt further push us into the premium market”. . . .
Leading New Zealand winery-based hospitality business placed on the market for sale:
One of New Zealand’s biggest winery-based tourism and hospitality operations – encompassing vineyards, a function centre, restaurant, and high-end accommodation – has been placed on the market for sale.
Mahana Estates just west of Nelson generates income from four revenue streams which operate both independently and conjunction with each other.
The Mahana Estates property portfolio encompasses:
• A 21-hectare vineyard planted in pinot noir, pinot gris, Riesling and chardonnay
• A nine hectare sauvignon blanc vineyard in the nearby region of Hope
• A 2,589 square metre four-level winery capable of crushing 500 tonnes of grapes annually and sustained by its own on-site cellaring facility and bottling plant which operates on a gravity feed system to minimize the need for pumps . .
Aussie grain giant puts mega farm up for sale – Chris Mccullough:
The owner of the 495,000 acre farm is asking $72 to $82 million
for what is one of Australia’s largest arable operations
One of Australia’s biggest arable farms extending to 495,000 acres is up for sale at a price tag of $72 to $82 million.
Western Australian grain giant John Nicoletti decided to retire from grain farming at 64 years old. . .