Massive fluctations in milk price show NZ's dairy model 'flawed', Landcorp boss Carden says

Fri, 07 Aug 2015

By Paul McBeth Aug. 7 (BusinessDesk) - A $4.55 swing in the forecast milk price paid to farmers over two seasons shows there's something wrong with New Zealand's dairy model, which is centred around farmer-owned Fonterra Cooperative Group, and it needs to change, says Landcorp Farming chief executive Steve Carden. Fonterra today slashed $1.40 from its forecast payout to farmers to $3.85 per kilogram of milk solids, below the 2015 season's $4.40/kgMS and less than half the record $8.40/kgMS paid in 2014. A slump in global milk prices throu...

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