Mark Lister: Dairy farmers forget past lessons
The long-term outlook for the dairy sector is strong, but the immediate future is highly concerning, says Mark Lister.
The long-term outlook for the dairy sector is strong, but the immediate future is highly concerning, says Mark Lister.
It is incomprehensible Fonterra's board could have persistently got it so wrong.
Sharemilkers and young people are leaving the industry as pay opportunities worsen.
Fonterra says it remains financially sound, despite high debt levels.
The kiwi dollar has dropped this morning after Fonterra cut its farmer payout for the second time this year.
Global diary giant Fonterra is moving into what could be the smartest new building in Auckland, but as farmers slash costs the move has been criticised as unjustifiable.
Embattled dairy farmers were offered a glimmer of hope when world prices firmed for the first time this year.
Rise of 1.4 per cent ends a four-sale losing streak.
A big Commerce Commission report has found there's not enough competition to justify any deregulation of New Zealand's dairy sector.
A recovery in the dairy sector could be two or three years away while low oil prices continue to weigh on the market, says a US industry leader.
Fonterra's total borrowings now more than $7.5 billion, writes Brian Gaynor.
As farmers face the prospect of even lower prices, they are being asked whether the dairy giant's governance needs revision, writes Jamie Gray.
Westpac is forecasting a Fonterra farmgate milk price of $4 this season and $4.60 in 2016/17.
Fonterra has upped production of lactoferrin - a special, high-value protein known in the industry as "pink gold" - at its Hautapu plant, near Cambridge.
Dairy prices are expected to weaken again by up to 10 per cent at this week's global dairy auction as market continues to suffer from over-production.
Fonterra's latest farmgate milk price forecast is already under downward pressure after dairy prices fell for the third time in a row at this morning's GlobalDairyTrade auction.
Dairy farmers are bracing themselves for still more falls in product prices at tomorrow's Global Dairy Trade auction.
Fonterra posed the question of whether a board stacked with farmers has the right skills to drive a global business.
Dairy Farms NZ - likely to list on the NZ stock exchange, has been given permission to buy up South Island farms.
Weakening world dairy prices have pushed Fonterra this morning to announce a cut in its payout to farmers.
Leading international credit rating agency has downgraded its outlook for New Zealand's economy.
Fonterra chief executive Theo Spierings said more pain lies ahead for farmers as dairy prices continue to weaken and as oil prices plummet.
Futures pricing is pointing to dairy prices flattening at tomorrow's GlobalDairyTrade auction as the sector continues to grapple with the same issues that held sway last year - oversupply and low....
New Zealand's second largest dairy processor has reduced its milk payout by 30 cents to an average price of between $4.00-$4.30 per kilogramme.
From the flag debate to the outrage surrounding the TPPA, this year the government was at the centre of the country's three biggest PR challenges.
Dairy prices finished the year on a slightly firmer note at this morning's GlobalDairyTrade auction, the GDT price index gaining by just 1.9 per cent.
A series of recommendations have been made to overhaul the dairy sector after a system investigation sparked by the botulism scare.