Tag Archives: dairy

Fonterra Co-operative Group’s guaranteed milk price scheme has stirred a mixed reaction from farmers. Some view it as just another risk management tool while others are against it, arguing a co-operative should have the same milk price for all. Given the volatility in milk prices, Fonterra piloted the scheme last year as a way of giving some farmers more certainty on what they’d get paid …

NZX, which operates the New Zealand stock exchange and the dairy futures market, is offering a new service for the dairy industry to forecast local milk production and calculate milk prices. From this month, NZX is offering a Milk Production Predictor, which estimates New Zealand milk production for the coming three months, with forecasts based on climate, pasture growth and cow …

The New Zealand dollar is heading for a 2.8 percent slide against the greenback this week after Reserve Bank governor Graeme Wheeler jawboned down the kiwi and Fonterra Cooperative Group cut its forecast payout to farmers, as global investors start eyeing higher interest rates in the US. The kiwi fell to 78.98 US cents at 5pm in Wellington from 81.24 cents …

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production.  New Zealand’s biggest company revised its forecast payout to farmers while releasing its results for the year ended July 31, which showed sales climbed 19.5 percent to …

The New Zealand dollar is lacking strong drivers this week after volatile trading last week on the back of several major events The kiwi will probably trade between 80.50 US cents and 82.50 cents this week, according to a BusinessDesk survey of 10 currency traders and strategists. Three pick the local currency to decline, four expect a gain and three say it will probably …

Synlait Milk, which twice cut its earnings forecast, posted earnings growth that met revised guidance and said it plans to take a 25 percent stake Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand. Profit rose 70 percent to $19.6 million in the 12 months ended July 31, from $11.5 million a year earlier, …

A2 Milk Co, which markets milk with a protein variant said to have health benefits, will ramp up its expansion in the US, the UK and Asia using cash generated in its biggest market of Australia after a year in which a strong kiwi slashed the value of sales and earnings. Profit tumbled to $10,000 in the 12 months ended June …

Fonterra Cooperative Group will offer a premium of at least 20 percent for a one-fifth stake in Beingmate Baby & Child Food as part of a $615 million investment in a partnership to drive baby food sales into China. Fonterra will offer 18 yuan a share for Beingmate stock in a partial tender offer that will be supported by chairman Wang Zhentai, …

Fonterra Chief Executive Theo Spierings says Fonterra will partner with leading Chinese infant food manufacturer Beingmate Baby and Child Food – a company part of the greater Beingmate Group. Once the deal has gained regulatory approval, Fonterra and Beingmate will form a joint venture to purchase Fonterra’s Darnum plant in Australia and establish a distribution agreement to sell Fonterra’s Anmum …

Shares in A2 Milk Co jumped 9.8 percent from a 15-month low on news the milk marketer has won Chinese regulatory approval to export its a2 Platinum infant formula. Milk processor Synlait Milk is still waiting for registration. The Auckland-based company has been included in the list of approved imported brands issued by the China General Administration of Quality Inspection and Quarantine, it said in a statement. The …