Procurement Resource Evaluates the Price Trends of Farmgate Milk its Latest Insights and Dashboard
Price Trends of Farmgate Milk in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the farmgate milk price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of farmgate milk can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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The price farmers receive directly from processors for milk produced on their farm is referred to as the farmgate milk price. The government has little legal influence over the prices given to farmers by milk processing businesses in various countries. Farmgate milk prices in Australia, for example, are decided by the milkfat and protein composition of the farm milk, with separate values for each component. Furthermore, processor pricing may change, and milk rivalry among processors influences farmgate milk prices from season to season.
Regions Covered to Evaluate Farmgate Milk Price Trend:
- North America
- South America
- The Asia Pacific
- The Middle East
Industrial Uses Impacting Farmgate Milk Price Trend:
Fonterra has computed a Farmgate Milk Price since its inception in 2001, allowing total returns to be divided between payments for milk and returns on money invested by Fonterra farmer shareholders and unit holders in the Fonterra Shareholders' Fund. Because Fonterra buys such a huge share of New Zealand's total milk, there is no market price for milk that is independent of Fonterra's price.
Key Market Players:
- CLAL S.R.L.
- Dairy Australia Corporation
- Fonterra Co-operative Group Limited
- Agriculture and Horticulture Development Board
- Australian Department of Agriculture, Water, and the Environment
News and Events:
The Irish Farmers Association (IFA) has stated that farmers are entitled to a substantial increase in the farmgate milk price in April. This is more than justified based on the returns that premium processors are now receiving for dairy products, and it's critical to assist dairy farmers in meeting the increasing cost of inputs at the farm level on 11 May 2022.
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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