Dairy prices up 6.6pc overnight
World dairy prices have shot higher at the latest GlobalDairyTrade auction, with the GDT price index gaining 6.6pc.
World dairy prices have shot higher at the latest GlobalDairyTrade auction, with the GDT price index gaining 6.6pc.
Cost cutting by farmers had helped to drag down Dairy NZ's break-even price to $5.05 per kg of milk solids from $5.25 previously.
Fonterra's chairman talks about today's announcement about the earnings per share forecast for the 2016-17 season and the farmgate milk price forecast remaining at $4.25.
The dairy giant has stuck with its farmgate milkprice of $4.25.
ASB Bank is punting on Fonterra leaving its 2016/7 farmgate milk price forecast unchanged at $4.25 a kg of milk solids.
Fonterra's Bay of Plenty Head of Co-operative affairs Lisa Payne updates us on what's happening in the region at the moment.
Fonterra will update its farmgate milk price and reveal earnings per share forecasts for 2016/17 on Monday.
Head of Co-operative affairs for Fonterra in Northland Eric Morrison caught up with The Country Early Edition's Dom George today.
A gain in whole milk powder offset a fall for most other products in the latest overnight dairy auction.
International dairy prices edged down at the latest GlobalDairyTrade auction, the GDT price index falling by 0.4 per cent since the previous sale last month.
Fonterra's Head of co-operative affairs in Canterbury discusses the implications of Brexit for the dairy giant and the industry as a whole with The Country Early Edition's Dom George.
As the dairy co-op tries to sell infant formula to Chinese parents, it's playing catch-up with competitors who got there first.
Dairy product prices have held steady at the latest Global Dairy Trade auction.
Big buys at annual agricultural event are likely to be lower on the shopping list for some who are hurting, especially dairy farmers.
Dairy prices kicked off the new season on a strong note, with gains driving the GDT price index up 3.4 per cent.
Hopes are running high that the first GlobalDairyTrade (GDT) auction for 2016/17 will show an improvement in dairy prices.
Fonterra's moved quickly to reject Australian media reports that Spierings is preparing to step down.
It's not only NZ dairy farmers unhappy about farm gate prices.
Dairy prices ended the 2015/6 season on a firm note with the GlobalDairyTrade price index rising by 2.6 per cent at this morning's auction.
Dairy prices should start improving 'in the medium term'.
Fonterra's farmer shareholders will vote next month on whether to accept governance changes to trim the board.
Fonterra says part of forecast final dividend will be moved up to ease low-price pain.
Housing debt got all the attention yesterday, but dairy debt remains near the top list of Reserve Bank of the threats to the economy.
Dairy prices continued to firm at the latest GlobalDairyTrade auction, with the GDT price index gaining 3.8 per cent driven mostly by a big gain in whole milk powder prices.
Fonterra has continued to lose farmers to its competitors, based on latest production data.
Fonterra's first draft of suggested changes to its governance structure recommends the board's size be cut from 13 to 11.
Fonterra's first draft of its recommendations on the size and makeup of its board will be made public tomorrow.
NZX's planned new milk price futures contract can help bring stability to a dairy sector being hit by low returns, says visiting specialist Brian Rice.