Global dairy prices plunged by 7.4 percent overnight at the Global Dairy Trade auction.

Whole Milk Powder, which has the biggest influence on Fonterra's milk price, dropped 10.9-percent.

It comes less than two weeks after the dairy co-op drastically cut its forecast Farmgate Milk Price - with the midpoint falling from $8 to just $7.

The result is unsurprising considering Fonterra was putting more product up for sale on the auction platform, their oversupply of milk in China and overall weak demand.

Federated Farmers Dairy Chair Richard McIntyre joined Mike Hosking to discuss how Fonterra has affected the market.

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Global dairy prices plunged by 7.4 percent overnight at the Global Dairy Trade auction.
Whole Milk Powder, which has the biggest influence on Fonterra's milk price, dropped 10.9-percent.
It comes less than two weeks after the dairy co-op drastically cut its forecast Farmgate Milk Price - with the midpoint falling from $8 to just $7.
The result is unsurprising considering Fonterra was putting more product up for sale on the auction platform, their oversupply of milk in China and overall weak demand.
Federated Farmers Dairy Chair Richard McIntyre joined Mike Hosking to discuss how Fonterra has affected the market.
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

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The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Richard McIntyre: Federated Farmers Dairy Chair discusses how Fonterra has affected the market after GDT auction

On the Mike Hosking Breakfast Full Show Podcast for Monday the 6th of May, we have the Government's water plan for Auckland, so what could that mean for the rest of the country?  

Insurance rates are going up six times faster than incomes so what can we do about it? Kris Faafoi with the Insurance Council speaks to Mike.

Andrew Saville and Guy Heveldt cover the miserable Warriors loss, the Super Rugby and problems with the game on the Commentary Box.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

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On the Mike Hosking Breakfast Full Show Podcast for Monday the 6th of May, we have the <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/simeon-brown-local-government-minister-on-governments-deal-with-auckland-council-for-long-term-investment-in-water-infrastructure/">Government's water plan for Auckland</a>, so what could that mean for the rest of the country?   
Insurance rates are going up six times faster than incomes so what can we do about it? <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/kris-faafoi-insurance-council-chief-executive-on-cost-of-insuring-a-home-is-rising-six-times-faster-than-incomes/">Kris Faafoi with the Insurance Council</a> speaks to Mike. 
Andrew Saville and Guy Heveldt cover the miserable Warriors loss, the Super Rugby and problems with the game on the<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/commentary-box-warriors-loss-super-rugby-rugby-sevens-f1-and-sailgp/"> Commentary Box.</a> 
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 
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Full Show Podcast: 6 May 2024

Andrew Saville and Guy Heveldt joined Mike Hosking to discuss the Newcastle Knights takedown of the Warriors, the weekend in Super Rugby and the Rugby Sevens and Formula 1. Plus, the Sail GP event in Bermuda had a dramatic capsize.

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Andrew Saville and Guy Heveldt joined Mike Hosking to discuss the Newcastle Knights takedown of the Warriors, the weekend in Super Rugby and the Rugby Sevens and Formula 1. Plus, the Sail GP event in Bermuda had a dramatic capsize. 
LISTEN ABOVE

Commentary Box: Warriors loss, Super Rugby, Rugby Sevens, F1, and SailGP

A teen has been shot dead by police after a knife attack in Perth, Australia. 

Western Australia Police Commissioner Col Blanch said the incident had hallmarks of a terror attack.

The 16-year-old had been part of an anti-radicalisation support program since 2022. The boy called 000 to report that he was about to commit acts of violence. Before the attack, he had sent messages to contacts urging them to clear their phones and laptops of anything illegal or related to Jihad.

Plus, Australia’s student loan system is set to change. Australia correspondent Steve Price tells Mike Hosking the salary threshold for repayments had previously been set to be in line with inflation. Recent high inflation levels and cost of living have caused a rethink, with the threshold now set to be in line with wage increases instead.

LISTEN ABOVE

A teen has been shot dead by police after a knife attack in Perth, Australia.  
Western Australia Police Commissioner Col Blanch said the incident had hallmarks of a terror attack. 
The 16-year-old had been part of an anti-radicalisation support program since 2022. The boy called 000 to report that he was about to commit acts of violence. Before the attack, he had sent messages to contacts urging them to clear their phones and laptops of anything illegal or related to Jihad. 
Plus, Australia’s student loan system is set to change. Australia correspondent Steve Price tells Mike Hosking the salary threshold for repayments had previously been set to be in line with inflation. Recent high inflation levels and cost of living have caused a rethink, with the threshold now set to be in line with wage increases instead. 
LISTEN ABOVE

Richard McIntyre: Federated Farmers Dairy Chair discusses how Fonterra has affected the market after GDT auction

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