Fonterra’s top brass should be feeling a little chipper as they pull up to Invercargill’s ILT Stadium for today’s annual meeting.Not only have global dairy prices gone up in the last four Global Dairy Trade auctions, but the cooperative, its governance, and its capital structure...
Dairy product prices rose at the Global Dairy Trade auction, bolstered by strong appetite for milk powder. The GDT price index rallied 3.7 percent from the previous auction three weeks ago. It was the fourth consecutive gain. The average price was US$3,446 a tonne, compared with...
Aluminium prices fell for another month as global mining giant Rio Tinto reviews the future of the Tiwai Point aluminium smelter, including possibly closing the site near Bluff.The ANZ commodity price index showed aluminium prices were the only locally produced raw material to fa...
A phased tariff reduction for a range of paper and packaging products is an extra “foot in the door” into the Chinese market for those products, the country’s wood processors say.An upgrade to New Zealand’s free-trade agreement with China yesterday secured a wind-down in tariffs...
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