
Fonterra: NZ milk collection falls
Fonterra Cooperative Group's New Zealand milk collection fell 10 per cent in the first month of the 2017 season, a typically low production period.
Fonterra Cooperative Group's New Zealand milk collection fell 10 per cent in the first month of the 2017 season, a typically low production period.
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Failed Crafar farms buyer May Wang is appealing her convictions and her eight-year jail sentence. Wang, also known as May Hao, was
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Milk processing firm Miraka is tripling production to meet a growing thirst for its UHT products in China.
Fonterra's opposite number in Australia has announced A$4.31 per kg of milksolids as its opening farmgate milk price for the season.
Farmers Dairy chairman Andrew Hoggard says dairy farmers need to ask themselves what a smart level of debt is given the risk profile for the next decade.
Some farmers are seeing sales drop as customers want prepared foods more than produce.
The release of 400ha to grow Gold3 kiwifuit under licence in 2016 will result in a hefty increase in Zespri International's corporate profit.
"Hang in there" - that's the message Fonterra chairman John Wilson was giving to farmers at Fieldays.
Fonterra chief executive Theo Spierings has reshuffled the roles of some of his top managers for the third time this year.
Attendance at Fieldays on day two of the four-day agricultural event was up 10 per cent on the same day last year.
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Without immigrant labour, US dairy farms would close, output drop and consumers pay twice as much for milk.
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COMMENT: A number of recent developments highlight concerns about the corporate governance of rural-based companies.
Fonterra's plan to alter its governance structure has been defeated.
Tougher rules around the treatment of bobby calves will start before the spring calving season, but other measures on food and shelter will be delayed until next year.
Fonterra's shareholders will vote tomorrow on a raft of changes - including reducing the board's size to 11 from 13.
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COMMENT: The dairy industry does not want the cheese-eating world-wide public to know about its disposal of unwanted bobby calves, writes Mandy Carter,
Failed Crafar farms bidder sentenced in Hong Kong for fraud associated with her attempt to buy the North Island properties.