
Toby Manhire: Glass half empty - even with ABs milk
The TPP Hawaii talks had been meant to serve up a 12-way handshake but it ended in finger pointing instead, with participants blaming others for stalemates, writes Toby Manhire.
The TPP Hawaii talks had been meant to serve up a 12-way handshake but it ended in finger pointing instead, with participants blaming others for stalemates, writes Toby Manhire.
Theo Spierings gets a pay rise of up to 18 per cent as Fonterra prepares to lay off 750 staff.
Fonterra is reporting a big turnaround in annual profit and a much improved forecast cash payout for the current year.
Dairy giant announces improved profit just days after increased the number of jobs it was cutting to 750.
Fonterra is on track to significantly improve its profits over the next decade, says KPMG.
New Zealand is 'holding our ground' in the TPP talks, says Tim Groser, but there isn't any gold plated dairy deal on the way.
Fonterra looks set for a big rebound in its annual net profit when it reports its result tomorrow, but the dairy co-operative will face challenges as the sector worldwide tries to adapt to low demand....
Canterbury dairy company Synlait Milk has almost halved its net profit for the July year to $10.6 million.
Low dairy prices have continued to weigh heavily on farmer sentiment, according to Rabobank's Rural Confidence Survey.
Prime Minister John Key says the decision to reject a bid by the Chinese-owned Pure 100 to buy Lochinver Station does not send mixed messages.
Our economy grew - but less than expected in the second quarter of the year, as agriculture and mining recovered.
Ministers turn down bid by Chinese billionaire Jiang Zhaobai to buy the Lochinver Station.
Does this morning's big jump in world dairy prices mean an increased payout for farmers? There might be a long way to go.
Silver Fern Farms says $261m Chinese input will help meat processor forge ahead with a growth strategy.
Wesley College to be demolished and relocated elsewhere for new small town hosting thousands of new homes.
Silver Fern Farms, the country's biggest meat processor, says its is forming a 50/50 joint partnership with Chinese investors.
Prices are expected to rise at this week's GlobalDairyTrade auction but doubts remain as to how much further improvement is in store.
Wholemilk powder prices, which are key to determining Fonterra's farm gate milk price, rose by 12.1 per cent to an average US$2078 a tonne at the last auction on September 2.
Pre-tax profits for an average sheep and beef farm in New Zealand will increase to $109,900 this season - 9.6 per cent more than last season, but 3.1 per cent below the five-year average, Beef and Lamb New Zealand says in its 2016/6 season outlook.
New Zealand stock market operator NZX has accredited American company Straits Financial to access its growing dairy derivatives market.
Fonterra has confirmed it has put on hold a proposed coal mine at Mangatangi while it assesses its energy options.
Nominations have opened for seats on Fonterra's board, with chairman John Wilson and two other directors up for re-election.
This year's El Nino weather pattern is shaping up to be one of the strongest, if not the strongest, on record - bringing with it an elevated risk of drought.
China government backed Bright Food is understood to be the party in talks to take a stake in Silver Fern Farms.
Deal would increase dominance of New Zealand's biggest meat exporter but erode farmer control of the industry.
Low world dairy prices aren't stopping the NZ industry - production was up 13pc last month from July last year.
Banks appear to have come to the party for NZ farmers needing support during the dairy downturn.
The August corporate reporting season is now largely complete, aside from a few stragglers that have slightly different balance dates.
New Zealand commodity prices fell for a fifth straight month in August, led by a decline in dairy prices to their lowest level in 11 years.
Whole milk powder prices, which are the key to determining Fonterra's farmgate milk price, rose by 12.1 per cent to an average US$2078 a tonne.