The milk company now expects to pay its suppliers $9.60 per kilogram of milk solids.
Oil surged back over US$120/barrel overnight on more bad news about Russian oil supplies and low US stocks. Russia moved to protect the rouble and British inflation was faster than expected.
F&P had previously benefited from boosted sales during the covid pandemic.
The airport has been looking to develop a solar farm for some years on underutilised land, but its initial joint venture partner, Central Hawke’s Bay lines company Centralines, reportedly pulled out of the project.