International dairy markets offset increased input costs

Rising costs of inputs, lack of labour, unfavourable weather, and questionable feed quality will limit the production response to rising farmgate milk prices by dairy farmers. Picture: Steven McAuley/McAuley Multimedia

The ever-changing chart of global milk prices looks likely to move upwards to help farmers offset an expected substantial increase in production costs in 2022.

Already, with global dairy markets at levels not seen since 2014, an all-time record 2021/22 New Zealand farmgate milk price is forecast.