BUSINESS BREAKDOWN: Weak dairy prices prompt pullback in forecasts for Fonterra payout

Thu, 02 Jul 2015

July 3 (BusinessDesk) - Weak dairy prices have prompted analysts to pull back their expectations for Fonterra Cooperative Group’s payout to farmers this season, with most forecasts now sitting below the dairy exporter’s. Average prices dropped 5.9 percent to a six-year low in this week's GlobalDairyTrade auction, paced by a 10.8 percent decline in whole milk powder, the nation’s key export commodity. Continued weakness in dairy prices is being driven by increased supply from New Zealand, Europe and the US amid lacklustre demand in China and...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.