Fonterra should look at options
Is Fonterra on the right track? Or is it time for Plan B? Plan B would result in the company being split into a basic commodity player focused on growing the milk price.
Is Fonterra on the right track? Or is it time for Plan B? Plan B would result in the company being split into a basic commodity player focused on growing the milk price.
The story of Harry Meijer and his flying fox has been viewed more than 164,000 times on the New Zealand Herald's Facebook page.
International investors from Europe, the United States and Australia are likely to consider buying more New Zealand dairy farms, says an expert.
Watch the exclusive video of Canterbury dairy farmer Harry Meijer who's come up with an innovative way to get to work each morning.
As Fonterra's NZX-listed units languish near an all-time low, analysts say the market will remain cool on the dairy giant.
Concentrating on marketing its cuts rather than processing them is paying dividends for a niche meat exporter.
Fonterra Co-operative Group has put on hold plans to develop an Equity Partnership Trust that would have given its 10,500 farmer suppliers access to investor capital to help them with the compulsory....
Germany is the largest export market for New Zealand onions, followed by Indonesia and Japan.
Pressure is building on Fonterra chief executive Theo Spierings as the dairy industry faces up to a winter of discontent, writes Liam Dann.
France's meat and dairy producers halted traffic and blocked tourist sites in several regions to protest low prices.
Open Country has told its farmers that their forecast payout has been cut back due to slumping world dairy prices.
Chief Theo Spierings admits news unsettling for staff as co-op tries to reduce its payroll bill by up to $60m a year.
Liam Dann says axing 523 jobs may make financial sense to Fonterra's chiefs but the dairy slump is bigger than that.
Fonterra's board will consider its current farm gate milk price forecast for 2015/6 at its next meeting on August 7, a spokesman for the co-operative said.
Dairy prices have plunged in the latest world dairy auction, taking the Kiwi dollar down with it.
The prices eased in the first sale of the new 2015/16 season as demand weakened.
"It's pretty negative, there's a lot of selling in the futures and there's not much buying - this market looks completely stuffed."
The price for NZ's key dairy export, whole milk powder, is set to decline further at tonight's GlobalDairyTrade auction.
Prime Minister John Key says overseas markets are causing high prices for milk at home.
New Zealand farmer confidence slumped to the lowest level in a decade in the second quarter as dairy farmers turned gloomy.
Dairy prices eased at the latest GlobalDairyTrade (GDT) auction but the sale gave away little on where the market, and interest rates, will go in the months ahead.
Silver Fern shareholders are seeking to force a special meeting to discuss the benefits of a merger with Alliance Group.
Dairy farm prices eased in the three months to May according to REINZ's latest rural report.
Dairy prices slipped again at this morning's GlobalDairyTrade auction, the GDT price index falling by 1.3 per cent.
Opposition parties have labelled Fonterra chief executive Theo Spierings' $4.18m salary as "absurd".
Farmers have overcome the shell shock of very low milk prices to turn out in force at Fieldays - New Zealand's biggest agricultural event.
Media were told that hundreds of Fonterra jobs were to be axed, hours before staff heard the news.