Landcorp, New Zealand’s largest corporate farmer, plans to increase returns from sheep, signing a three-year contract with NZ Merino to manage its entire wool clip and seeking board approval next month to build a new shed to trial milking some of the flock. The state-owned enterprise indicated last July it was taking a serious look at milking sheep as a way of getting a …
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Commodity prices fall for ninth month in November, led by milk powder
New Zealand commodity prices declined for the ninth consecutive month in November, to the lowest level since February last year, as milk powder prices fell to five-year lows. The ANZ Commodity Price Index dropped 1.6 percent to 286.3 last month, 12.4 percent lower than its reading the same month a year ago and the lowest for a November month since 2012. Skim …
Read More »Westland Milk cuts 2015 milk payout forecast, citing oversupply, high kiwi
Westland Milk Products, the Hokitika-based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over-supply of dairy products and a relatively high kiwi dollar had crimped cash flows. Westland cut its forecast for the 2014/2015 season by 40 cents to a range of $5 to $5.40 per kilogram of milk solids, from a …
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