Thursday 17th May 2018
|Text too small?|
New Zealand milk processors collected record levels of milk in April as favourable weather boosted pasture growth.
The country produced 148,177,000 kilograms of milk solids in April, up 3.1 percent from the year earlier month and the highest ever level recorded for the month, according to data released today by the Dairy Companies Association of New Zealand.
"Weather conditions have been extremely favourable, with the warm wet conditions boosting pasture production and therefore milk production," said AgriHQ chief analyst Susan Kilsby. "Pasture conditions have been above average through autumn. However we did also have an exceptional autumn last season, and so expectations were that milk production would not be able to match that this year.
"Dairy farmers have been able to milk more cows later into the season than normal due to having more pasture on hand than usual."
The New Zealand dairy season closes at the end of May and collections so far this season are 0.9 percent behind last season. Fonterra Cooperative Group, the country's dominant dairy processor, has said its milk collection this season is tracking 2 percent lower than last year due to difficult weather. That's a steeper decline than for the industry as a whole, suggesting rivals have picked up more of the national milk pool.
Dairy products are New Zealand's largest export commodity.
No comments yet
Buying off the plans driving down KiwiBuild cost to govt: HYEFU
Fiscal policy to slow growth over next five years, despite surpluses
Treasury forecasting annual wage growth above 3% over next five years
Robertson unveils first ‘wellbeing outlook’ ahead of 2019 Budget
NZSA throws its weight behind Vital’s rebel investors
Food prices ease in November: buy your strawberries now!
Transport strikes averted as TIL Logistics, Air NZ find common ground with unions
Restaurant Brands 3rd-qtr sales rise 4.7% as Australia, Hawaii grow
December 13th Morning Report
Meridian chair Moller to stand down next year, Verbiest to take over