Primary Sector

Rising costs take the shine off high milk payout

Rebecca Howard
Fri, 24 Jun 2022

Rising costs take the shine off high milk payout
Fonterra says interest rates and inflation have lifted well above its assumptions. (Image: Getty)
Rebecca Howard
Fri, 24 Jun 2022
Fonterra expects to pay its farmers more than ever but rising costs will take the shine off the record-high payout. The dairy giant this week lifted the 2022-23 forecast farmgate milk price range to $8.75-$10.25 per kilogram of milk solids (kgMS) from $8.25-$9.75/kgMS. This increases the midpoint of the range, which farmers are paid off, by 50 cents to a record $9.50/kgMS. It tops the prior season’s forecast midpoint of $9.30. Times, however, are tough across the nation. Farmers, like everyone, are contending with annual in...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

More work on Onslow gets green light from ministers
Ian Llewellyn | Thu, 07 Jul 2022

Cabinet gives green light to more Onslow pumped hydro project, narrows down alternative options on solving the dry year problem.

Homebuyers: the bank is still watching your spending
Frances Cook | Thu, 07 Jul 2022

The sillier parts of the CCCFA are gone, but banks still need to make sure you can afford a loan, so they’re going to go through your income and expenses. 

Law & Regulation
Lego, Zuru to head to trial over use of trademark
Ben Moore | Thu, 07 Jul 2022

The two toy titans have clashed over Zuru’s use of the Lego trademark on statements of compatibility on its packaging.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

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