Latest / Best of Business / Jamie Mackay: The Country host on the possibility of near-record farm gate milk price this season

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Jamie Mackay: The Country host on the possibility of near-record farm gate milk price this season · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from Newstalk ZEDB. Follow this
• 0:13
  Speaker 1: and our Wide Ranger podcast now on iHeartRadio.
• 0:16
  Speaker 2: With me now as Jamie mckaye, host of the Country
• 0:19
  Speaker 2: A Jamie.
• 0:20
  Speaker 3: Good Heather, Interesting to hear you talking to Miles Hurrell
• 0:23
  Speaker 3: at the top of the hour. Look, significant investment last
• 0:26
  Speaker 3: week at Studham. This week it's Edendale and Southland. Good
• 0:31
  Speaker 3: news week or a couple of weeks for the dairy industry.
• 0:34
  Speaker 3: They've got a GDT auction tonight, my Guy Jardin, Mike
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  Speaker 3: McIntire picking another two to three percent rise. The milk
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  Speaker 3: futures are sitting at eight eighty nine. That's getting up there.
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  Speaker 3: They and zed are leading the charge. Heather. They've they've
• 0:50
  Speaker 3: raised their forecast milk price to nine dollars a kilogram
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  Speaker 3: last week. Interestingly, Rabobank went to sixty Fonterra still at
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  Speaker 3: eight fifty. But you'd have to think on the present
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  Speaker 3: market sentiment that maybe nine dollars is on the cards
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  Speaker 3: and that's a good number.
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  Speaker 1: How good?
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  Speaker 2: What around from where it was not long ago and
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  Speaker 2: everybody was so upset and desperate, Aim.
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  Speaker 3: Well, you go back to August twenty twenty three, so
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  Speaker 3: that's twelve months ago we had that terrible GDT auction.
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  Speaker 3: Six dollars fifty was the number being bandied about, and
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  Speaker 3: that would have resulted in the loss for nearly every
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  Speaker 3: dairy farmer in the country. Look, I mean, I can't
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  Speaker 3: sugar coat the increase in production over the past few years.
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  Speaker 3: It's been absolutely horrendous. But you know, I look at
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  Speaker 3: dairy and I compare it the poor old sheep farmers
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  Speaker 3: at the moment, and there's some green sheets they are
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  Speaker 3: coming for them as well, which is good. But I
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  Speaker 3: think theirry is in quite a good space at the moment.
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  Speaker 2: Yeah, sounds like now, Jamie. I was skouting before about
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  Speaker 2: how warm it's been in Auckland in the last few days,
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  Speaker 2: and then I started getting all these texts about its
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  Speaker 2: raining everywhere. Has it been raining in Canterbury?
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  Speaker 3: No, And that's what they need. They desperately need some rain.
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  Speaker 3: In Canterbury they had a couple of cold shifts coming through.
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  Speaker 3: But look, North Canterbury is absolutely dire. The Hiiranui district
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  Speaker 3: in particular. I saw a quotation from one farmer in Scargore,
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  Speaker 3: which is in North Canterbury. Between December of last year,
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  Speaker 3: in August of this year. I've only had two hundred
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  Speaker 3: and twenty millimeters of millimeters of rain. Now to classify
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  Speaker 3: as a desert on an annual basis, you need less
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  Speaker 3: than three hundred, so extrapolate that out. North Canterbury is
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  Speaker 3: technically almost a desert. It was declared a medium scale
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  Speaker 3: adverse event drought by Todd McLay, Minister of Agriculture in March.
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  Speaker 3: But look, typically in Canterbury, you know they'll have dry summers,
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  Speaker 3: they farm to those, the autumn rains come, they get
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  Speaker 3: a bit of growth through the winter and they're away.
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  Speaker 3: But they just haven't had the autumn rains. They haven't
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  Speaker 3: even had the winter rains. They're getting a wee bit
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  Speaker 3: of growth now off the warmth. But as soon as
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  Speaker 3: those Northwesters start going as they are at the moment,
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  Speaker 3: witness the fire that's happening at the moment, and that
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  Speaker 3: place will burn to a frazzle. They desperately need some
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  Speaker 3: good news from Mother Nature in the next two or
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  Speaker 3: three weeks. I'd suggested by the end of September or
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  Speaker 3: it could be game over.
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  Speaker 2: He is hoping, Jamie, thank you so much, appreciate it.
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  Speaker 2: Jamie MacKaye hosts the Country of Talking in a couple
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  Speaker 2: of days.
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  Speaker 1: For more from News Talk st B, listen live on
• 3:19
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• 3:22
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