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Brian Gaynor: IPO puts spotlight on Aussie dairy sector
Trust set-up raises issue of whether farmer shareholder and external investor interests in Fonterra are fully aligned.
Trust set-up raises issue of whether farmer shareholder and external investor interests in Fonterra are fully aligned.
An apology after an online Anchor promotion told everyone they needed more calcium.
Next season's average farmer income will drop by $150,000 based on Fonterra's $5.25 per kg forecast, says DairyNZ.
Dairy farmers face two successive years of below-break-even payouts after Fonterra issued its forecast for 2015/16 yesterday.
Fonterra's cut its payout forecast by 10c to $4.40 a kilo of milk solids and says it expects to pay out $5.25 a kilo for next season.
Fran O'Sullivan asks, when is enough enough when it comes to Chinese investment in the New Zealand dairy sector?
It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16 season.
There's been another fall in world dairy prices, with the GDT index down to its lowest level since August 2009.
Fonterra's strategy has to start delivering or its market share will shrink further, says Federated Farmers Otago dairy chairman Stephen Crawford.
Fonterra farmers have been tipped to go without a "retro" payment in July as the co-operative rebalances.
The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.
Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.
Shareholders in Australian dairy co-operative Murray Goulburn (MG) have voted in favour of a Fonterra-style capital structure that will see its units trade on the ASX.
Tim Groser's warning that the dairy sector would effectively have to guts it out during a period of low milk payouts was timely.
International dairy prices fell for the fourth time in a row at this morning's GlobalDairyTrade auction.
New Zealand commodity prices had their biggest decline since the height of the global financial crisis in 2008, led by falling dairy product prices.
The price of Fonterra Shareholders' Fund units fell to their lowest point since listing after the latest GlobalDairyTrade auction registered another fall in product prices.
International dairy prices fell for the third time in a row at this morning’s GlobalDairyTrade auction.
International dairy prices look likely to head lower at this week's GlobalDairyTrade auction, according to futures market pricing.
Fonterra says its milk collection in New Zealand for the 10 months to March 31 reached 1431 million kg of milk solids - 1 per cent higher than for the same period last season.
Units in the Fonterra Shareholders' Fund fell to their lowest point since listing on the NZX in 2012 on the back of growing farmer and investor unrest.
Dairy product prices declined in the latest GlobalDairyTrade auction, led by a slump in prices for butter milk powder and whole milk powder.
Almost 2000 people are being viewed as persons of interest in the investigation into the threat to contaminate infant formula with 1080 poison.