Fonterra capital restructure approved
Fonterra's shareholders have approved the first stage of the dairy giant's capital restructuring plan.
Fonterra's shareholders have approved the first stage of the dairy giant's capital restructuring plan.
Fonterra is expected to announce an increase in its payout forecast to farmers early next week.
The Trade Minister says the world will be looking to countries like New Zealand in the future, because we have natural resources in abundance.
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.
More than 25 live cattle found wandering loose on the North Shore have been returned to their owner.
A high New Zealand dollar and reduced demand for sheep and beef looks set to hurt farmers in the coming year.
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.
"Significant animal welfare issues" have been found among the 20,000 cows on the 22 farms owned by the Crafar family, a MAF inquiry says.
NZ's largest family owned dairy business is put into receivership by its banks Westpac, Rabobank and PGG Wrightson Finance.
New Zealand's largest family owned dairy business, Crafar Farms, has been put into receivership, Korda Mentha said in a statement.
Receivers were getting mud on their gumboots yesterday as they came to grips with problems of Crafar Farms.