Dairy farmers say safety net on milk prices is not helping
Northeast dairy farmers who have been strapped for months by low milk prices say a voluntary insurance program that was supposed to be a safety net isn’t helping.
Australia cuts 2016/17 milk output forecast by 3 percent
Australia said it expects milk production in 2016/17 to fall 3 percent short of previous estimates as slaughter of animals in the country due to weaker farm-gate prices curbs supply.
New Fonterra boss for Australia
New Zealand dairy giant Fonterra is moving its global brands and nutrition boss, René Dedoncker, to be managing director of Fonterra Australia.
Banned hormonal injection Oxytocin seized from dairy owners
Oxytocin is a Schedule-H drug and is required to be supplied on the prescription of a registered medical practitioner only.
Director's deals: Mark Allen, 56, chief exec, Dairy Crest sees pay rise almost 50% despite profits falling 59%
Dairy Crest boss Mark Allen has seen his pay go up by almost 50 per cent in the past year, despite the firm reporting a 59 per cent fall in profits.
EU extends Russian sanctions
Economic sanctions imposed on Russia by the European Union – in the wake of the illegal annexation of the Crimea region – have been extended until June 23, 2017. The sanctions target imports from the peninsula and investment there, among other measures.
Milk production is falling across the world
Indicators from New Zealand, Australia, Europe and South America point to decreasing milk supply, with the US and Russia bucking the trend.
India & NZ serious about expanding investment
Putting the FTA back in focus, the Prime Minister said that, “India is potentially a huge market and India New Zealand Business Council playing a very critical role from our point of view in terms of linking New Zealand, pretty small country at the bottom of the world with second most populous country in the world.”
Europe dairy production slowdown could help lift Australian prices again
Bega Cheese chairman Barry Irvin has established what rivals call a realistic market price for farmgate milk prices at $5 a kilo — well above the $4.50 forecast but below the present price of $5.60 a kilo.
Dutch giant bullish on dairy in China
Dutch global dairy giant Royal FrieslandCampina is bullish on the long-term growth of dairy market in China and plans to expand its business in third- to six-tier cities and rural areas.