ASB punts on Fonterra sticking with $4.25 milk price
ASB Bank is punting on Fonterra leaving its 2016/7 farmgate milk price forecast unchanged at $4.25 a kg of milk solids.
ASB Bank is punting on Fonterra leaving its 2016/7 farmgate milk price forecast unchanged at $4.25 a kg of milk solids.
Beingmate warned investors this month it was anticipating a first half loss of up to 230 million yuan ($48.7 million).
Fonterra will update its farmgate milk price and reveal earnings per share forecasts for 2016/17 on Monday.
A gain in whole milk powder offset a fall for most other products in the latest overnight dairy auction.
John Key and Kiwi delegation taste-test pudding, cheese balls, cheese sticks, and other dairy goods made in giant Fonterra plant near Jakarta.
Farm prices are on the way down, led by an 18 per cent decline in the dairy sector over the past 12 months.
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.
International dairy prices edged down at the latest GlobalDairyTrade auction, the GDT price index falling by 0.4 per cent since the previous sale last month.
The FBI is not recommending criminal charges be brought against Hillary Clinton over the use of her private email server. Turkey has charges 17 more people over the recent deadly gun and bomb attack at Istanbul's international airport.
"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.
As the dairy co-op tries to sell infant formula to Chinese parents, it's playing catch-up with competitors who got there first.
There is no "get out of jail free" card for dairy farmers in the current dairy downturn.
Dairy product prices have held steady at the latest Global Dairy Trade auction.
Big buys at annual agricultural event are likely to be lower on the shopping list for some who are hurting, especially dairy farmers.
Fonterra's loss-making Australian operation is likely be in the black this year now the co-operative is paying a more realistic milk price.
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.
Dairy prices kicked off the new season on a strong note, with gains driving the GDT price index up 3.4 per cent.
Fonterra's farmers will vote next week on a raft of changes to the way the co-operative is governed.
Hopes are running high that the first GlobalDairyTrade (GDT) auction for 2016/17 will show an improvement in dairy prices.
Fonterra's moved quickly to reject Australian media reports that Spierings is preparing to step down.
The milk price of $4.25 per kg remains well below DairyNZ's $5.25 per kg estimate of breakeven.
Fonterra is co-operating fully with the ACCC in its investigation of the sudden slump in milk prices.
Christina Zhu didn't know quite what she was getting herself into when she joined Fonterra in 2011.
Australian dairy farmers want the government's help in gaining security around milk prices.
It's not only NZ dairy farmers unhappy about farm gate prices.
Dairy prices ended the 2015/6 season on a firm note with the GlobalDairyTrade price index rising by 2.6 per cent at this morning's auction.
Dairy prices should start improving 'in the medium term'.
Fonterra's farmer shareholders will vote next month on whether to accept governance changes to trim the board.