Little impact seen on Synlait, a2, #Fonterra from China rules
New Zealand’s listed dairy companies, Synlait Milk, a2 Milk Co and Fonterra Shareholders’ Fund, probably won’t face much disruption from tighter rules on infant formula in China, the nation’s biggest market for milk products, investors say.
The Weekly #Dairy report: Big falls at auction makes bankers cautious for next years #prices
As March has now passed the west of the north island gets even drier and prospects for relief in early April look grim for drought areas.
Brokers view: #Synlait Milk
Overview: Synlait Milk Limited announced a half year net profit after tax growth of 79 per cent on Thursday. The market subsequently rewarded the company by slashing over 7 per cent off the share price by lunchtime. This is what happens when expectations are raised prematurely. In January the newly listed milk processor had updated […]
#Synlait profit up 79%
Canterbury milk company Synlait has reported a big jump in profit, a day after Fonterra reported its profit had more than halved.
Synlait to increase testing after #milk scare
Synlait Milk says costs for expanding its laboratory and administration will more than double as it allows for increasing production and ramps up testing of its products.
#Synlait Farms takeover approved
The takeover of Synlait Farms in Canterbury by Shanghai Pengxin, a Chinese company, has been approved by the Overseas Investment Office.
New Zealand: Synlait lifts milk price forecast
High dairy commodity prices have seen Synlait Milk lift its forecast milk price for the season.
Rodney Dickens explores the impact the #dairying 'revolution' is having on New Zealand, the consequences, and the prospects
There is nothing new about the current high dairy export prices in that the current levels are similar to earlier peak levels in 2007/08 and 2010/11.
$220m #dairy plant project on schedule
Construction is well underway on the Chinese-developed Yashili dairy plant at Pokeno, south of Auckland.
The Weekly #Dairy Report
A turnaround in moisture levels has seen pasture prospects lift nationally as the country recovers from a dry spell and Fonterra predicts yearly milk flows to be up 6% on last years record volumes.