
PM tells farmers to accept $3k ETS cost, stop moaning
John Key urged farmers to be less agitated about the ETS and tackling climate change in an address to Federated Farmers today.
John Key urged farmers to be less agitated about the ETS and tackling climate change in an address to Federated Farmers today.
Fonterra's shareholders have approved the first stage of the dairy giant's capital restructuring plan.
ANZ National Bank economist Kevin Wilson says the new Fonterra payout could return the sector to profitability and reduce stress levels.
Fonterra's increased milkfat payout will put an extra $110,000 into the bank account of the average dairy farmer.
Fonterra chief executive Andrew Ferrier said improving market conditions had been reflected in trading on Fonterra's globalDairyTrade online platform.
Dairy juggernaut Fonterra has announced a payout increase to dairy farmers for the current season.
Fonterra is expected to announce an increase in its payout forecast to farmers early next week.
The price of milk powder climbing to a 13-month high in Fonterra's latest online auction.
Rising dairy prices continue to underpin gains in the ANZ Commodity Price Index, which has recorded its seventh straight monthly gain last month.
A Fonterra executive paid $3.7m when he left the dairy giant this year, was said to have been the fall guy for the disastrous investment in China's San Lu milk company.
A departing Fonterra executive has pipped CEO Andrew Ferrier's take-home salary, receiving total payments of up to $3.72 million.
Fonterra's highest-paid employee - likely to be chief executive Andrew Ferrier - appears to have taken a pay cut of up to $360,000.
John Key says the signing of a free trade deal with Malaysia is another vital move towards a "step change" for the NZ economy.
Fonterra chairman Sir Henry van der Heyden says the dairy co-operative will step up investment within Asia because of the Malaysian free trade deal.
Fonterra's directors said today a vote on changes to the co-operative's capital structure will be held at the annual meeting on November 18.
New Zealand's largest exporter, Fonterra, says it will receive no protection under planned changes to the emissions trading scheme.
Fonterra farmers keen to get an early start on share trading will have to wait a while yet.