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8 Responses to “Economic weather report: Butter prices surge with other dairy commodities”

1. Roger Thompson Says:
   November 4th, 2009 at 4:26 pm

   Thankyou Bernard , for resumption of videos on your own video page . Glad to get the 90 @ 9 . I shall take back most of the mean , nasty , horrible things that I have said about you ………… Have a gummy bear : Cheers man , Rogie .

2. AndrewJ Says:
   November 4th, 2009 at 5:28 pm

   The butter mrket appears to be capped as we have sold forward,

   Butter
   The international interest is mainly from Western European brokers and their customers because DMN’s latest report shows butter prices f.o.b. docks in Europe to be at about $2.06 per lb but only $1.27 per lb in New Zealand. European buyers don’t necessarily want any butter, they want cheap butter, but New Zealand’s cheap butter seems to be fully committed.

3. PeterR Says:
   November 4th, 2009 at 5:43 pm

   The timing is about right to encourage significant increases in southern hemisphere milk production by this time next season – to meet the apparent surge in world demand.

4. Steven Says:
   November 4th, 2009 at 9:39 pm

   @PeterR, yet the USA is saying it has too much milk…and American farmers need bailing out, so that has to be dumped somewhere…while NZ’s butter is good quality and it seems pretty cheap, I think one has to watch for Americans “fixing” things…if they subsidise and then dump it cheap on world markets that would I assume hammer Fonterra’s price…

   So much for rational markets…how can companies plan for possible situations like this? If Fontera pushes up production and the US dumps then they get critisised for a collapsed price….if they dont expand and there is a shortage of supply they will be labled fools for missing such an oportunity….

5. Roger Thompson Says:
   November 4th, 2009 at 11:44 pm

   ugg : Bugger off !

6. Alex Tarrant Says:
   November 5th, 2009 at 7:45 am

   They’ve gone Roger

7. Roger Thompson Says:
   November 5th, 2009 at 7:49 am

   They annoy the beejeezus out of me Alex , where were these specials on ugg boots at the start of winter , when I needed them ! Haaaaaaaa .

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   November 11th, 2009 at 7:59 pm

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