
No 'gold plated' TPP coming - Groser
New Zealand is 'holding our ground' in the TPP talks, says Tim Groser, but there isn't any gold plated dairy deal on the way.
New Zealand is 'holding our ground' in the TPP talks, says Tim Groser, but there isn't any gold plated dairy deal on the way.
Fonterra looks set for a big rebound in its annual net profit when it reports its result tomorrow, but the dairy co-operative will face challenges as the sector worldwide tries to adapt to low demand....
Canterbury dairy company Synlait Milk has almost halved its net profit for the July year to $10.6 million.
Low dairy prices have continued to weigh heavily on farmer sentiment, according to Rabobank's Rural Confidence Survey.
Chief executive Theo Spierings says dairy giant has to make tough decisions as review increases job cuts to 750.
Our economy grew - but less than expected in the second quarter of the year, as agriculture and mining recovered.
Does this morning's big jump in world dairy prices mean an increased payout for farmers? There might be a long way to go.
Silver Fern Farms says $261m Chinese input will help meat processor forge ahead with a growth strategy.
Silver Fern Farms, the country's biggest meat processor, says its is forming a 50/50 joint partnership with Chinese investors.
A "cash for conservation" approach incentivising farmers to off-set the impact of agriculture on the environment might be working overseas - but it's been a different story here.
Fonterra is cutting back the amount of product it sells on its GlobalDairyTrade auction platform for the next 12 months.
New Zealand stock market operator NZX has accredited American company Straits Financial to access its growing dairy derivatives market.
Fonterra has confirmed it has put on hold a proposed coal mine at Mangatangi while it assesses its energy options.
Nominations have opened for seats on Fonterra's board, with chairman John Wilson and two other directors up for re-election.
Low world dairy prices aren't stopping the NZ industry - production was up 13pc last month from July last year.
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
New Zealand commodity prices fell for a fifth straight month in August, led by a decline in dairy prices to their lowest level in 11 years.
Whole milk powder prices, which are the key to determining Fonterra's farmgate milk price, rose by 12.1 per cent to an average US$2078 a tonne.
Fonterra chairman John Wilson responds to criticism last week that Fonterra has been a failure.
Created in 2001, Fonterra was heralded as an "icon of economic transformation", a "breakthrough idea", "helping NZ catch the knowledge wave".
State-owned farmer Landcorp said its profit fell by 84 per cent due mostly due to lower milk and lamb prices.
The country's trade deficit was smaller than expected in July as exports of fruit and meat drove overseas sales higher.
Fonterra's new $230 million high-efficiency milk powder plant at its Pahiatua site has processed its first milk.
The international dairy trade has become the most volatile of all commodities markets.
Investment bank says there is a 25 to 30 per cent risk of New Zealand's economy going into recession in the next 12 months.
An insider trading inquiry into A2 Milk Co suitor, Dean Foods, is understood to have scuppered its takeover attempt.
DairyNZ chairman John Luxton says it some TPP players are seeking to maintain trade protection rather than reduce it.
Farmers were given cause for cautious optimism after global dairy auction prices rallied by almost 15 per cent, ending a 10-sale losing streak.
Dairy farm prices are dropping, according to the Real Estate Institute of NZ (REINZ).
Wholemilk powder prices rallied by 19.1 per cent at this morning's GlobalDairyTrade auction.