MARKET OPEN: China demand for dairy still strong

MARKET OPEN:  China demand for dairy still strong
Rebecca Howard
A muted lift in global dairy prices in the overnight auction won’t deter interest in A2 Milk, Synlait and Fonterra as buying from China remains strong.China is by far New Zealand’s largest export destination and dairy products top the export basket.Prices rose 0.4 percent in the Global Dairy Trade auction, with whole milk powder prices up 0.3 percent compared to the prior auction. The lift came despite seasonally higher offer volumes as the NZ dairy season peaks.“Demand from North Asia, the region which includes China, increas...

More Markets

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.