Sunday , December 16 2018
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Tag Archives: dairy

Fonterra overshoot on 2015 advance payment worsens 2016 farmer cash flows

Milk prices have dropped so dramatically that Fonterra Cooperative Group effectively overpaid farmers under an advance payments scheme last year, sapping funds available to pay out farmers at the end of the season and leaving them short of cash even before last week’s deep cut to the 2016 forecast payout. “Last year, Fonterra came …

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Fonterra slashes payout, farmers offered $430m cash advance

Fonterra  has slashed its farmgate milk price for the 2015/16 season by $1.40 to $3.85 per kilogram of milk solids but is supporting cooperative members with an additional 50 cents per shared-up kilogram of milksolids in the form of an interest-free loan. The initiative softens the blow for farmers, who’ve seen …

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NZX milk futures point to further declines in prices

A slump in the price of whole milk powder, New Zealand’s key dairy export, is likely to continue according to traders who are pricing in further declines on the NZX futures market. The price for whole milk powder dropped 13.1 percent to an average US$1,848 a tonne at the latest GlobalDairyTrade auction …

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Fonterra top brass on notice from farmers as 523 jobs go in shake-up

Federated Farmers says top management should be leaving Fonterra Cooperative Group if results don’t start improving in the next couple of years. The comments, from Fed Farmers dairy chair Andrew Hoggard were in response to the confirmation today by the world’s largest dairy exporter that it will cut 523 jobs to save …

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