Fonterra expected to announce milk price reduction tomorrow
Fonterra is expected to announce a sharp reduction in its farmgate milk price for 2015/6 tomorrow (Friday), potentially shaving billions off farmers’ total income for the year and putting more downward pressure on an already cooling economy.
Milk producers must do more to maintain relevance: report
The scale of the decline in milk prices this year has shaken the belief there has been a step change in commodity prices driven by the insatiable demand for product from consumers in emerging markets, says KPMG in its latest Agribusiness Agenda.
Dismay at dairy decline spills over
Where are Fonterra and the local dairy industry heading will be the key question for many farmers as they head to next week’s National Fieldays for the agribusiness sector’s annual showcase.
Kiwis not as smart dairy marketers as we think
New Zealand lacks any strong dairy brands, according to KPMG’s international head of agri Ian Proudfoot.
Forrest pushing China barrow
ANDREW Forrest is attempting to translate his success in selling iron ore to China into boosting farm sales through his so-called Australia-Sino Hundred Year Agricultural Partnership.
Chinese #dairy giants' global race for milk leaves small local farmers in the lurch
Every morning, retired forest worker Li Shulin and his wife get up at 5 am, milk the cattle in the shed, load the fresh milk on a truck, and drive to the nearby milk station to sell it to Swiss food giant Nestle, a major raw milk collector in the area.
Funding drought curbs Australia's "food bowl to Asia" ambitions
Australia’s lofty ambitions to become a «food bowl» for a rapidly growing middle-class in Asia are in danger of falling at the farm gate due to the country’s harsh, drought-prone climate and a lack of investment in agricultural innovation.
Murray Goulburn trumps #Saputo offer for WCB
Australia’s biggest dairy company Murray Goulburn has increased its takeover offer for Warrnambool Cheese and Butter to $9.50 a share, or $533 million.
#White rivers of gold
IT’S a plot with all the makings of a thriller. A sleepy 125-year-old dairy factory in southwestern Victoria, with languishing profits and a share register 40 per cent held by about 1500 local families, retired farmers and milk producers, suddenly becomes the flavour of the month.
#Prospect of new Saputo bid lifts WCB shares
SPECULATION that Canadian firm Saputo might further up the ante in the bidding war for Warrnambool Cheese and Butter yesterday lifted WCB’s share price and that of its initial suitor, Bega Cheese.