Dairy co-op Fonterra is buying back $50m in its own shares because it believes the price is too low.
The Dairy Companies Association of New Zealand is calling for the European Union to move beyond dairy market protectionism in its trade negotiation with New Zealand.
Dairy prices have fallen for the fifth consecutive time at the fortnightly global dairy sale, with the average price dropping 2% to US$4,432 a tonne (NZ$6,970).
Dairy company Fonterra has criticised the conclusions of a report commissioned by its largest competitor for New Zealand raw milk, Open Country Dairy, on the likely impact of its proposed restructuring.
A study to examine the effects of milk powder consumption on nutritional value and digestive comfort has received funding from the High-Value Nutrition Ko Ngā Kai Whai Painga National Science Challenge
New Zealand’s food exports to Russia total around $233m, and include dairy, apples, seafood and wine.
Federated Farmers is relieved hundreds of extra international dairy workers can enter New Zealand this season.
Global dairy prices have hit a new record.
Fonterra’s New Zealand milk collection dropped 6.1% to in January compared with the same month last year.
New Zealand exports of milk powder, butter, cheese, jumped 15% to $1.6bn in January when compared with the same month a year earlier.
The company’s new CEO Nick Hammond talks culture, scale-up challenges, China, and the prospects for growth.
Fonterra is offloading its two joint venture farms in China to Singapore-based AustAsia Investment Holdings for $163m.
The Vegan Society Aotearoa New Zealand is questioning the need for dairy exports as the industry’s affect on the environment continues to be in the spotlight.
Dinuka and Nadeeka Gamage were announced winners of the region’s Share Farmer of the Year category.
An investigation in 2019 found breaches of minimum employment standards in relation to 24 workers.
Southern Pastures has entered into a three-year $50m sustainability-linked farm loan with BNZ and its syndicate.
The announcement follows Richard Wyeth’s departure in October.
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