Farmers are making good money from milk – but they should brace to meet commitments to trim the methane

A surge in  prices  at the latest  Fonterra global  dairy  auction once  again underlines  how  New Zealand’s dairy  industry  is the  backbone of  the  country’s export economy.  At  the level they  have  reached, dairy farmers  can  look  to  a  record  payout    this  season  from  Fonterra.

Overall,  prices rose 4.3% in  US dollars, and, better  still, 5.1% in NZ$. Star  of the  show  was  the  cheddar  cheese  price, which shot up  14%,  with other  foodservice products also  strong.

The average price for whole milk powder, which has the most impact on what farmers are paid, lifted 2.7% to US$3921 (NZ$5408) a tonne, prompting speculation it will push through US$4000/t.

A  record  payout  is  already  mooted  by  some some  economists  in  the agricultural  sector. Above  $8.80kg/MS, it might  dispel  the  gloom  being  cast across the industry  by Cop26, where the  focus has  shifted to the  need  to  cut methane  emissions.

NZ  is  reported   to be  joining more than 100 countries  in pledging to reduce methane over the next decade.

Collectively, signatories to the pledge – officially launched on Tuesday (Wednesday NZ time) – are aiming to reduce the greenhouse gas 30% by the end of the decade. Continue reading “Farmers are making good money from milk – but they should brace to meet commitments to trim the methane”

Climate commission’s challenge is to produce a world-leading plan (dairying included) for a low-emissions economy

Global efforts to tackle climate change have stalled in Madrid.  The  197  parties to the UN  talks  agreed to the need  for  new  emission  cuts, but they stopped  short  of concrete  commitments  and left  the outstanding issues of  the  Paris  Agreement undecided.

Never mind,  NZ  is  showing  the world  what  “meaningful, ambitious and lasting climate action looks like”.

That’s  how  Climate  Change Minister  James Shaw  sees  it.

As the head of the NZ delegation at the global climate talks, Shaw shared  with delegates  to   COP25 the progress the  Ardern government is making

“ … to build a cleaner, safer planet for future generations”. Continue reading “Climate commission’s challenge is to produce a world-leading plan (dairying included) for a low-emissions economy”