Subscribe today - find out more
Why you should consider BusinessDesk

Landcorp disappointed Fonterra to end guaranteed price that underpinned 2015 earnings

Jonathan Underhill
Fri, 02 Oct 2015

By Jonathan Underhill Oct. 2 (BusinessDesk) - Landcorp Farming says it is disappointed that Fonterra Cooperative Group is to stop offering a guaranteed milk price (GMP), which has helped New Zealand's largest corporate farmer manage price fluctuations and prevented an even bigger slump in 2015 earnings. Fonterra said this week that it will make its last GMP  offer in December, for milk production through to the end of the 2015/16 season. When the programme was piloted in the 2013/14 it was the only price risk management tool available for...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

On the Money
On the Money: Richard Chandler charging into 2022, Jane Hrdlicka, Grant Baker, and more
Rebecca Stevenson | Sat, 22 Jan 2022

OTM this week: flying high with Richard Chandler, an ace on ignoring the elephant in the room, a new Robbo-cop comes to town, and more. 

Opinion
Is New Zealand’s population too low?
Brian Gaynor | Sat, 22 Jan 2022

Our relatively small population has proven a huge disadvantage to NZ companies that expand offshore, particularly when they experience headwinds.

Markets Market Close
NZ shares finish shocker week down 3.5%
Dan Brunskill | Fri, 21 Jan 2022

A well-known investor released a paper overnight warning this was the end of a "superbubble" in US markets. 

Sponsored
Grape expectation for first major wine auction

Buying wine at auction can be a smart way to build your cellar or discover a world of wine

Sponsored
How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.