Cash flow warning as dairy slump continues

The challenge to generate enough cash in the business over the next few months was outlined for dairy farmers this week, as the global dairy markets slump continued.

Prices fell 1.4% at this week’s GlobalDairyTrade auction, despite a recent increase in New Zealand futures prices.

Whole milk powder prices edged up 0.7%, continuing to out-perform skimmed milk powder, for which prices fell 3.6%, to their lowest level since September.