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The New Zealand dairy industry enters the new season with a relatively positive foundation, as production increases significantly and the mood of farmers, processing businesses, and industry units in general remains optimistic. However, the growing supply of milk in New Zealand and many major export regions around the world is beginning to put pressure on dairy product prices. In June, the dairy market continued to witness many noteworthy developments. Improved farm profitability over the past year has helped maintain a good level of confidence in the agricultural sector. At the Fieldays event, this positive atmosphere was evident as farmers, processing businesses, and dairy industry representatives participated together in the context of recovering profits and a more optimistic market outlook. According to the latest report from the New Zealand Ministry of Primary Industries, the total revenue of the food and fiber industry is expected to reach approximately USD 36.88 billion in ...

The 17th Dairy Industry Conference and 2026 Exhibition is set to take place in Nanchang from July 8th to 10th. The event aims to enhance China's dairy sector through full-chain resource integration and modern agriculture practices.

The Ministry of Agriculture, Food and Rural Affairs announced on the 26th that goat meat has been selected as the item for Free Trade Agreement (FTA) damage compensation direct payment support this year. The direct payment is provided to farmers and agricultural corporations that produced the item before the FTA took effect at 95% of the domestic price drop compared to the "base price" considering the "import contribution" for that year. The recipients of this payment are farmers and agricultural corporations that produced goat meat before the Korea-Australia FTA took effect on December 12, 2014. [Provided by the Rural Development Administration] (Seoul=Yonhap News) Reporter Hong Kuk-ki = The Ministry of Agriculture, Food and Rural Affairs announced on the 26th that goat meat has been selected as the item for Free Trade Agreement (FTA) damage compensation direct payment (direct payment) support this year. The FTA direct payment system compensates for some of the damage to items whose prices have fallen due to a sharp increase in imports following the implementation of the agreement. The direct payment is provided to farmers and agricultural corporations that produced the item before the FTA took effect at 95% of the domestic price drop compared to the "base price" (90% of the average price of the previous five years excluding the highest and lowest values) considering the "import contribution" (the extent to which the increase in imports due to the implementation of the FTA affected the price drop). The recipients of this payment are farmers and agricultural corporations that produced goat meat before the Korea-Australia FTA took effect on December 12, 2014. The application period is from next month 2 to August 3, and production and sales verification documents and application forms must be submitted to the town, township, or community center office in the goat meat production area. Online application (Agricultural e-Zip·www.nongupez.go.kr) is also possible. The Ministry of Agriculture, Food and Rural Affairs plans to complete the direct payment to farmers and agricultural corporations by December after confirming the recipients and direct payment unit prices through written and on-site investigations by local governments by October following the application period. The Ministry of Agriculture, Food and Rural Affairs introduced that it analyzed the damage for a total of 105 items through the Korea Rural Economic Institute (KREI) FTA Implementation Support Center to decide the support items for this year. redflag@yna.co.kr