Fonterra, NZX and EEX will each hold a 33.33% stake in the global dairy auction platform. Fonterra estimates the proceeds will be in the range of $25 to $30 million
A2 Milk is due to report its 1H result on Feb 21 and while it signalled revenue would be marginally lower, analysts are expecting it to take more of a hit.
The rapidly rising price of carbon in the NZ Emissions trading scheme has added a new market driver for land use and value.
Whole milk powder prices hit their highest average price in the past five years in the overnight auction.
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articles by Riley