World dairy prices dip in overnight auction
World dairy prices fell 0.9 per cent in Fonterra's latest overnight auction.
World dairy prices fell 0.9 per cent in Fonterra's latest overnight auction.
Work is needed to rebuild trust between Fonterra management and its farmers.
New Zealand's current account deficit widened in the first quarter - as world dairy prices fell and more fuel was imported.
Parliament's primary production select committee has deleted a clause which Fonterra said would have stopped TAF in its tracks.
Economists are encouraged by a sharp surge in world dairy prices overnight, but say it is too early to say whether the downward trend in prices has been reversed.
World dairy prices were up from three year lows in the latest overnight auction.
A fall in global commodity prices and the strong kiwi dollar meant New Zealand producers were squeezed in the first quarter.
Prices of dairy products fell for the third straight sale in Fonterra's overnight auction, reaching a new three-year low