Damien O'Connor unfazed by Fonterra share price dips
As long as cooperative does its job, billions in dairy farmers' assets will be maintained.
As long as cooperative does its job, billions in dairy farmers' assets will be maintained.
Fonterra unit fund manager notes material drop in share prices.
The dairy giant's 51 per cent stake in the business will bring in $88m.
Fonterra's capitalisation value has fallen $3b since capital restructure plan announced.
Plan for keeping Fonterra's factories full of milk comes with plenty of questions.
Nearly $800m could flow into the Northland economy if strong milk price remains.
Fonterra has lifted its earnings and has forecast an $8.00/kg milk price for 2021/22.
Banks have revised up their milk price forecasts on the back of steady GDT auctions.
Farmer council listening along with everyone else before taking formal view.
Fonterra units resumed trading this morning.
Prospect of share price fall in a farmer-only market will challenge reform plan.
Fonterra's units could be on the way out if the co-ops proposals are adopted.
Proposals expected to address milk supply loss and high cost of entry.
Prices were mostly steady at today's GDT auction, reinforcing high milk price forecasts.
Fonterra has gone into an NZX trading halt.
Dairy woman Belinda Price likes helping people and is progressing towards farm ownership.
Dairy prices were steady at this morning's GDT auction.
Soprole overcame difficulties imposed by a weak economy and Covid-19.
If Fonterra's owners want to cut their capital exposure, the co-op might have to shrink.
S&P Global says strong demand is pushing up the cost of raw milk in China.
Fonterra needs to explore all, and new, pathways to capital.
High milk prices will make for a challenging second half for the co-op.
The co-op also said it would pay a 5c interim dividend.
Chinese created 150,000 online greetings posters using Anchor designs.
Will today's historically high milk prices prompt overproduction and a price slump?
Northland dairy farmers challenged to better their milk produce and be rewarded.
Rotorua companies had pivoted to make the most of every opportunity.
Fonterra has lifted its milk price forecast to a $7.60/kg mid point.
Forecasts up to 40 cents above Fonterra's current forecast range.
New Fonterra chairman has sights on financial performance and capital structure.