The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / The Country

Listen: GDT result not all bad news says Fonterra

The Country
4 Jul, 2018 02:30 AMQuick Read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

File Photo / Dave Murdoch

File Photo / Dave Murdoch

It looked like bad news on the 10th anniversary of Fonterra's Global Dairy Trade Auction, with a 5.0 per cent slump overnight and Whole Milk Powder plunging 7.3 per cent.

However, Fonterra's COO Farm Source Miles Hurrell says it's not all bad news when he spoke to The Country's Jamie Mackay.

Although Hurrell admits the result was "not a great start," he see a silver lining, as he expects renewed interest from buyers at these levels, and an insulating effect from a falling exchange rate.

Read more: Dairy product prices decline for eighth time in 10 auctions

Hurrell also says Fonterra is sticking to its predicted $7 milk price payout for its farmers.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"I'm not concerned around the drop we saw over night, down five per cent because ... the New Zealand dollar's dropped five or six per cent only in the last couple of weeks ... so from New Zealand dollar payout to farmers, we're still fine at this point."

Listen below:

Discover more

Win a Honda TRX420FM2 farm bike!

10 Jul 09:00 PM
Business

Dairy product prices decline for eighth time in 10 auctions

03 Jul 07:03 PM

Listen: Mycoplasma bovis affects farmer confidence

04 Jul 01:45 AM

Winston Peters targets fake meat Impossible burger

04 Jul 02:00 AM
Save

    Share this article

Latest from The Country

The Country

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

12 Jul 05:59 PM
The Country

The great 'goat menace' of 1949

12 Jul 05:00 PM
The Country

'Game-changer': Orchardist tackles seagull invasion with lasers

12 Jul 05:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from The Country

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

‘Still there’: Removal of logging machine sent tumbling over cliff proving tricky

12 Jul 05:59 PM

The damaged skidder remains stuck in a hard-to-reach location near the river.

The great 'goat menace' of 1949

The great 'goat menace' of 1949

12 Jul 05:00 PM
'Game-changer': Orchardist tackles seagull invasion with lasers

'Game-changer': Orchardist tackles seagull invasion with lasers

12 Jul 05:00 PM
'Come home': Family vintage tractor returns to original owner

'Come home': Family vintage tractor returns to original owner

12 Jul 05:00 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP