Fonterra's carrot looks more like a stick
Fonterra Cooperative Group recently announced it will pay farmers more for sustainable, high-quality milk, but it turns out it's more of a stick than a carrot. The dairy exporter is introducing a cooperative difference payment of up to 10 cents per kilogram of milk solids if a...
Consumer confidence bounces after lockdown lifted
Consumer confidence bounced in June with the number of optimists outweighing pessimists as life largely returns to normal. The latest ANZ-Roy Morgan Consumer Confidence index rose 8 points to 104.5. The only area still in negative territory was the outlook for the economy as a...
Farmer-director McBride Fonterra's new chairman
Farmer-director Peter McBride has been selected as Fonterra Cooperative Group’s next chairman. Former Zespri chairman McBride will replace John Monaghan when he retires the chair at the November annual meeting. Under Fonterra’s constitution, its chairman is selected by the...
MARKET OPEN: Wall Street rally may help local sentiment
The local stock market may recoup some of yesterday’s losses after Wall Street turned positive despite ongoing worries about the rising number of covid-19 cases. The benchmark S&P/NZX 50 Index fell 1.2 percent yesterday. US stocks were helped when US banking regulators ease...
Prev
