Chinese buyers talk up benefits
Chinese dairy investors may be media shy, but they have been lobbying politicians and other key players at the highest levels.
Chinese dairy investors may be media shy, but they have been lobbying politicians and other key players at the highest levels.
Fonterra has announced it will review its payout forecast for the current 2010/11 year.
Prices have fallen 8.3 per cent overnight in the latest online dairy auction.
Sheep and beef farming could all but disappear in New Zealand if "structural issues" causing profits to drop are allowed to continue, says Federated Farmers.
The Chinese bid for the Crafar dairy farms has everything but transparency, finds Karyn Scherer.
New Zealand may find itself economic toast if it doesn't get a comprehensive China strategy together - and fast.
Fonterra says milk powder prices in its monthly internet auction fell around 13.7 per cent overnight.
The New Zealand dollar gained on a weakening greenback after comments from the Reserve Bank of Australia yesterday spurred traders' appetite for high-yielding currencies.
Nearly 90pc of Fonterra's 10,500 farmer shareholders have voted to approve a new share trading plan.
Fonterra chief executive Andrew Ferrier says tomorrow's vote on whether to start share-trading among farmers is the most important decision for its farmers since the co-op was created.
At the age of three Fonterra's supply chain boss was sucked into a fuel pump - now safety is top of his list.