World dairy prices dip 2.2pc
There's been another fall in world dairy prices, with the GDT index down to its lowest level since August 2009.
There's been another fall in world dairy prices, with the GDT index down to its lowest level since August 2009.
The last GlobalDairyTrade auction for the season is tomorrow and dairy analysts say indications are that prices may be about to bottom out.
Farm prices have continued to rise, despite the near halving of milk prices over the last year, according to REINZ.
Fonterra's strategy has to start delivering or its market share will shrink further, says Federated Farmers Otago dairy chairman Stephen Crawford.
Police scientists are still poring over samples to identify who was behind threats to contaminate infant formula with 1080 poison.
Fonterra farmers have been tipped to go without a "retro" payment in July as the co-operative rebalances.
The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.
Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.
Shareholders in Australian dairy co-operative Murray Goulburn (MG) have voted in favour of a Fonterra-style capital structure that will see its units trade on the ASX.
International dairy prices fell for the fourth time in a row at this morning's GlobalDairyTrade auction.
New Zealand commodity prices had their biggest decline since the height of the global financial crisis in 2008, led by falling dairy product prices.
Fonterra has fallen into line with market expectations after oversupply and extreme volatility on world dairy markets prompted the co-operative to once again lower its farmgate milk price.
The price of Fonterra Shareholders' Fund units fell to their lowest point since listing after the latest GlobalDairyTrade auction registered another fall in product prices.
International dairy prices fell for the third time in a row at this morning’s GlobalDairyTrade auction.
Units in the Fonterra Shareholders' Fund fell to their lowest point since listing on the NZX in 2012 on the back of growing farmer and investor unrest.
Dairy product prices declined in the latest GlobalDairyTrade auction, led by a slump in prices for butter milk powder and whole milk powder.
Fonterra's half-year result was a disappointment for farmers and investors in the co-operative's listed shareholders' fund.
Almost 2000 people are being viewed as persons of interest in the investigation into the threat to contaminate infant formula with 1080 poison.
NZX dairy futures drop sharply in response to co-op’s plan to put more product up for auction.
Farmers will be disappointed with Fonterra's downwardly revised forecast dividend for the current season, especially given the low farm gate milk price.
New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends
Expectations that a higher dividend from Fonterra would at least partly offset a low milk price went by the wayside yesterday when the co-operative lowered its dividend forecast range.