Another $500 million for Fonterra farmers

Another $500 million for Fonterra farmers
Rebecca Howard
Fonterra now expects its 2021 forecast farmgate milk price to pump $10.5 billion into New Zealand economy, $500 million more than it tipped in October.“China is continuing to recover well from covid-19 and this is reflected in recent Global Dairy Trade auctions with strong demand from Chinese buyers, especially for whole milk powder, which is a key driver of the milk price,” said chief executive Miles Hurrell.The dairy giant lifted its forecast range to $6.70-to-$7.30 per kilogram of milk solids versus its prior forecast of $6.30-to...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024