51AVÊÓƵ

Fifty pence per litre could soon be a reached as a farmgate milk price but it remains to be seen whether it is enough to encourage farmers to push for more milk production.

The Bank of England monetary policy committee voted to increase the Bank of England base rate to 1.25 per cent from 1 per cent

New Zealand’s Government is considering proposals from its agricultural groups for a farm-level levy system on emissions from 2025.

Global milk powder prices appear to have peaked as inflation weakens demand across the world, with the potential for moderate price decreases in dairy commodities in the second half of the year.

Morrisons’ new private equity owner is looking at sales of its warehouses, fisheries and food manufacturing hubs in a sale worth more than £600 million.

Farming more sustainability must be profitable and not come at the expense of food production.

Diversification which require small initial investments and low management were becoming increasingly popular as farmers look to replace the income from direct payments.

Pig industry figures have called on Government to provide some ‘proper support’ to halt the decline in production as the industry contracts.

FINANCIAL pressures from rising input costs, the transition away from direct payments and the cost of living crisis were likely to hit farmers’ mental health in an industry which is already facing high levels of poor mental health.

Wheat markets have retreated from the highs seen in May following news Ukraine may potentially be able to resume grain shipments but news from the US continues to support the market.