
Dairy prices rise again at auction
Dairy prices have risen 4.5 per cent at Fonterra's latest GlobalDairyTrade auction.
Dairy prices have risen 4.5 per cent at Fonterra's latest GlobalDairyTrade auction.
Fonterra expects disruption to milk collection and farms that cannot be reached may have to dispose of their milk.
Farm finances starting to look much better after a big lift in dairy prices at the latest GloblaDairyTrade sale.
Economists went back to the drawing board to revise up their farmgate milk price forecasts.
At the latest GlobalDairyTrade auction the key whole milk powder price went up nearly 20 per cent.
NZX dairy futures point to another gain at this week's GlobalDairyTrade auction.
Anchor butter is a familiar sight on New Zealand supermarket shelves, but in far-flung Azerbaijan, they are eating it too.
Fonterra Cooperative Group is assessing the impact of a big drop in milk production this month on its contract book and future production plans.
Fonterra Co-operative Group has suspended a distribution agreement with China's Jiawai.
Nineteen people have been arrested in China for allegedly repackaging expired Fonterra milk powder with a view to sell it.
.The suspects were allegedly managing a company, which was packaging expired products of Fonterra in China.
Australia, like New Zealand, is facing sharply lower milk production because of a wetter-than-normal spring.
Two big banks have upgraded their farmgate milk price forecasts after a modest gain in product prices at the latest GlobalDairyTrade auction.
International dairy prices improved slightly at this morning's Global Dairy Trade auction, gaining by 1.4 per cent since the last sale early this month.
More kids are consuming at least the recommended minimum amount of dairy following the supply of a daily drink of milk in schools, new research has found.
Bad weather takes its toll on New Zealand milk production at a time when it should be hitting a seasonal peak.
Fonterra's strategy of shifting more milk, quicker, into the value-added side of the business is gaining momentum after getting off
The key change to the governance model will enable farmers to directly nominate their own choice for selection to the board.
COMMENT: It is still too early for Fonterra's top brass to perform a victory roll.
The new model allows farmers to directly nominate their choice for selection to the board.
Fonterra said its net profit shot 65 per cent higher to $834 million for the 2015/6 year.
The outlook for dairy farmers has turned positive after Fonterra raised its farm gate milk price for the second time in less than a month.
The raised milk price forecast of $5.25 per kilo of milksolids is past the estimated break-even and will be good news for farmers.
The 1.7 per cent gain at the latest GlobalDairyTrade was well short of market expectations.
South Waikato mayor Neil Sinclair likens growing the economy of a rural region to deep sea fishing: "You have your line, your hooks
About 100 farmers in Otago and Southland were forced to dump milk over the weekend in the aftermath of the milk silo collapse at Fonterra's Edendale site.
Dairy farmers have endured one of their worst ever years, but Fonterra is set to report one of its best.
Fire service spokesman Steve Lee said an unspecified amount of milk had been spilt at the Edendale factory.
Emergency services are at the scene of incident involving a milk silo at Fonterra's Edendale plant.