The Country 05/05/25: Mike McIntyre talks to Jamie Mackay

We ask Jarden's head of commodities whether $10 is the new norm for the milk price.

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Episode Transcript

Speaker 1 (00:00):
Mike McIntyre to wrap it. Thanks for coming into the studio, Mike,
ten dollars. You've had just about an hour to ponder
this is it the new norm?

Speaker 2 (00:08):
I don't think it's a new norm, but I think
the ten dollars in and off itself is a fantastic
result for this season. If you go back to like
the thirteen fourteen season where we had the eight forty,
Remember half the country was in a drought and so
not everyone got the production. But this year we've had
ten dollars plus meal price. We've had good earnings for
the cops, for those who get dividends, and then also
we've got fantastic production as well. So it's really been

(00:31):
one of those unicorn seasons. I like to refer to
it as is.

Speaker 1 (00:33):
Derry going to get escape Trump's tariffs more than other products?

Speaker 2 (00:38):
I think? So. Yeah, if you have a look at
what we sent through into into the States, it's very
much the high functioning proteins, and so yes, there obviously
will be tariffs in there, but I think they can
you know, the margin still substantial enough to make it
worthwhile sending it into that part of the world. And
obviously the biggessue would be if someone like Mexico was

(00:58):
to throw in retell a three towers. But Shineburn that
the president there. She seems to be fairly sensible and
certainly you know it's going along with the rest of
the place.

Speaker 1 (01:07):
Okay, So if I was to you're the head of
derivatives or you used to be, you've got a flash
new title now at Jardin. But if I was to
lock in a milk price today for next season, what
was that number again?

Speaker 2 (01:16):
Nine? Five? That's what five?

Speaker 1 (01:18):
It's not bad business risk management?

Speaker 2 (01:20):
Is is that? I think? So? Yeah, yeah, so yeah, and
we possibly go high, but there's a lot of unknowns
at the stage, and you know, we're still, you know,
a month away from knowing what the milk price is
going to be for this year. But I think you know,
we're in a rude health.

Speaker 1 (01:33):
Okay, there we go. That is Mike McIntyre from Jardin.
We're going to go out for lunch. Who's paying? No, no, no,
I'm just joking. I think I owe you lunch from
when I was in Auckland.