
Dairy's decline here to stay?
As milk prices fall, farmers keep waiting for the cycle to turn. But what if Fonterra's problems are longer term, asks Jamie Gray.
As milk prices fall, farmers keep waiting for the cycle to turn. But what if Fonterra's problems are longer term, asks Jamie Gray.
Westland will decide on its final 2014/15 payout in September.
Is Fonterra on the right track? Or is it time for Plan B? Plan B would result in the company being split into a basic commodity player focused on growing the milk price.
As the 12-nation trade deal negotiations enter the final stretch, Mr Key said New Zealand was gaining some support on its demands for the dairy industry.
Playing the TPP soft cop cannot be allowed to blind Groser and his senior negotiators to NZ's own interests.
International investors from Europe, the United States and Australia are likely to consider buying more New Zealand dairy farms, says an expert.
As Fonterra's NZX-listed units languish near an all-time low, analysts say the market will remain cool on the dairy giant.
Fonterra Co-operative Group has put on hold plans to develop an Equity Partnership Trust that would have given its 10,500 farmer suppliers access to investor capital to help them with the compulsory....
Concentrating on marketing its cuts rather than processing them is paying dividends for a niche meat exporter.
Jamie Gray writes: For Fonterra's farmers, investors and employees the severity of the dairy downturn will become clear early next month.
Trade Minister Tim Groser and Deputy US Trade Representative Wendy Cutler got into Hawaii early last weekend to set the scene for a high-powered ministerial meeting to thrash out the bones of the....
Having its main office in Auckland is a big part of the dairy giant's problem, writes Brian Gaynor.
Freedom Foods and Dean Foods are said to be in no hurry to up their bid for A2 Milk Co after the milk marketer this week told its suitors to try again, after an initial offer wasn't compelling and drew out as yet unnamed rival bidders.
Silver Fern Farms, NZ's biggest meat processor says it is considering raising $100m in fresh capital.
A key industry is suffering, but other economic signs paint a happier picture, writes Brian Fallow.
France's meat and dairy producers halted traffic and blocked tourist sites in several regions to protest low prices.
BNZ has lowered its 2015/16 milk price forecast for Fonterra but says it expects dairy prices to recover late this year.
Open Country has told its farmers that their forecast payout has been cut back due to slumping world dairy prices.
NZX dairy futures prices are trading at a discount to the physical market in the aftermath of a worse-than-expected GDT auction.
Dairy giant Fonterra cut 523 jobs yesterday - in a bid to cut its payroll bill by up to $60 million a year - on a day of bad news for the economy.
Hundreds of Fonterra employees and thousands of its farmer-shareholders have been dealt the twin blows of impending job losses and the prospect of a much lower farmgate milk price.
The New Zealand dollar dropped to a six-year low after a surprisingly sharp slump in dairy prices fuelled concerns about the broader economy.
Reserve Bank may take interest rates to a new record low by October.
Chief Theo Spierings admits news unsettling for staff as co-op tries to reduce its payroll bill by up to $60m a year.
Liam Dann says axing 523 jobs may make financial sense to Fonterra's chiefs but the dairy slump is bigger than that.
Fonterra's board will consider its current farm gate milk price forecast for 2015/6 at its next meeting on August 7, a spokesman for the co-operative said.
Dairy prices have plunged in the latest world dairy auction, taking the Kiwi dollar down with it.
Fonterra says it is disappointed about a poor first-half result expected by its Chinese infant formula investment, Beingmate Baby & Child.
Dairying is one of a number of industries facing a possible labour shortage.