Dairy prices up 10pc overnight
Dairy prices were up for the fourth time in a row in the latest world dairy auction. Why?
Dairy prices were up for the fourth time in a row in the latest world dairy auction. Why?
This week's GlobalDairyTrade auction is shaping up to be another strong one.
Fonterra's chief executive has asked for a freeze on his $4m salary.
Spokesman says fans of controversial scheme can turn to NZX for help with milk prices.
Fonterra lost market share in the South Island and will probably lose more this season before an improvement in 2016/17, says CEO Theo Spierings.
Theo Spierings has every right to be among our best-paid chief executives.
Jose Miguel Porraz is negotiating an uneven Kuala Lumpur footpath as he talks up the benefits of emerging markets.
Theo Spierings gets a pay rise of up to 18 per cent as Fonterra prepares to lay off 750 staff.
Fonterra is on track to significantly improve its profits over the next decade, says KPMG.
Fonterra looks set for a big rebound in its annual net profit when it reports its result tomorrow, but the dairy co-operative will face challenges as the sector worldwide tries to adapt to low demand....
Low dairy prices have continued to weigh heavily on farmer sentiment, according to Rabobank's Rural Confidence Survey.
Chief executive Theo Spierings says dairy giant has to make tough decisions as review increases job cuts to 750.
Does this morning's big jump in world dairy prices mean an increased payout for farmers? There might be a long way to go.
Prices are expected to rise at this week's GlobalDairyTrade auction but doubts remain as to how much further improvement is in store.
Wholemilk powder prices, which are key to determining Fonterra's farm gate milk price, rose by 12.1 per cent to an average US$2078 a tonne at the last auction on September 2.
Fonterra is cutting back the amount of product it sells on its GlobalDairyTrade auction platform for the next 12 months.
Fonterra has confirmed it has put on hold a proposed coal mine at Mangatangi while it assesses its energy options.
Whole milk powder prices, which are the key to determining Fonterra's farmgate milk price, rose by 12.1 per cent to an average US$2078 a tonne.
Fonterra's move to cut the amount it sells on its global dairy auction appears to have worked.
Fonterra chairman John Wilson responds to criticism last week that Fonterra has been a failure.
Created in 2001, Fonterra was heralded as an "icon of economic transformation", a "breakthrough idea", "helping NZ catch the knowledge wave".
Investment bank says there is a 25 to 30 per cent risk of New Zealand's economy going into recession in the next 12 months.
Wholemilk powder prices rallied by 19.1 per cent at this morning's GlobalDairyTrade auction.
Fonterra's market share in the South Island has slipped beneath the 80 per cent threshold specified in its enabling legislation, Minister for Primary Industries Nathan Guy says.
Signs look good for Fonterra that dairy prices will bounce in tomorrow's GlobalDairyTrade (GDT) auction.
Fonterra's forecast of a 2 per cent fall in milk production this season is looking more conservative by the day as farmers cull stock.
Fonterra's market share in the South Island has slipped beneath 80 per cent ending pro-competition provisions.
"There's nothing more depressing than knowing when those big tankers come on to your farm you are paying Fonterra to take your milk away."