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A2 Milk, the specialty milk marketing company, turned to an annual loss despite a hike in revenue as it invests in offshore expansion and absorbed costs from its ASX listing. The net loss after tax was $2.09 million for the year ended June 30, compared to a $10,000 profit the year earlier, the Auckland-based company said in a statement. Revenue rose 40 percent to …

Today’s news rings positive following several weeks of doom and gloom. This starting with the announcement that dairy product prices have increased for the first time in six months with the average winning GDT price climbing 14.8 per cent to $1,974USD. The word this morning was that the New Zealand dollar has remained steady as dairy prices bounce back as …

Dairy product prices jumped in the latest GlobalDairyTrade auction, rising for the first time in nearly six months on reduced volume of whole milk powder on offer. The GDT average winning prices climbed 14.8 percent to US$1,974, up from US$1,815 at the previous auction two weeks ago. It was the first increase since the March 3 auction. Some 36,904 tonnes …

TPP talks have stalled this month but are set to resume later in August- NZ Inc has collected the best of the web on the latest developments. Andrew Robb over at the Sydney Morning Herald says given the collapse in negotiations last week, it’s crunch time for the TPPA. – Andrew Robb: It’s Crunch Time for the Trans-Pacific Partnership- Sydney …

The New Zealand dollar was little changed after dairy product prices jumped as expected at auction overnight, as the bounce had already been priced into the local currency. The kiwi was at 65.84 US cents at 8am in Wellington, from 65.89 cents at 5pm yesterday. The trade-weighted index edged lower to 70.96 from 71.04 yesterday. Dairy product prices jumped in …

Milk processor Tatua Co-operative Dairy Company is calling for a full and independent review of the way milk pricing is set following concerns that inefficient milk supply and capital investments could be made under the current model. In its submission to the Commerce Commission’s government-ordered review of the Dairy Industry Restructuring Act (DIRA), the Waikato-based cooperative said it would expect any …

Farm prices have been holding relatively steady in the latest Real Estate Institute of New Zealand rural data despite fears lower dairy prices would force down land values. There’s only been a small drop in the median sales price per hectare for dairy farms to $35,304 for the three months ended July 31, compared to $35,531 in the three months ended …

The Auditor-General is mounting a probe into the Saudi Arabian agri-hub created at a cost of $15.5 million to the taxpayer in 2013 as part of efforts to restore relations with Saudi Arabia after the New Zealand government confirmed a ban on live sheep shipments to the Arab nation. Among the four broad terms of reference of the inquiry will be “whether the …

Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country’s biggest information technology services provider, lifting annual revenue 6.3 percent in a growing footprint on both sides of the Tasman. Revenue rose to $937 million in the 12 months ended June 30 from $881 million a year earlier, the Wellington-based company said in a statement. Net profit …

Fonterra says it should no longer be required to accept all milk from new suppliers or to have to make milk available to large processors, apart from Goodman Fielder. In submissions to the Commerce Commission, which is undertaking a government-ordered review of the industry’s competitiveness, rival processors have said they either want the status quo or the regulations tightened. Fonterra …