#Theglobaldairy: New Zealand Navigating Global Dairy Crisis
NEW ZEALAND – This year is shaping up as a bumpy one for the international dairy industry, with the worst U.S. drought since Ronald Reagan was president and thousands of European dairy farmers taking to the streets in protest.
# TheGlobalDairy : Opposition attacks Fonterra Bill
Opposition parties say the Government’s proposed law to establish trading among farmers will weaken Fonterra and could lead to the demise of the dairy co-operative.
# Fonterra share plan a step too far for Couper
Disquiet over Fonterra’s controversial Trading Among Farmers (TAF) proposal continues to grow, after the resignation of a sector leader. Debate among farmers is running hot in what is described as an «intense pressure-cooker environment».
# Fonterra boss blames milk glut
Fonterra chief executive Theo Spierings says commodity markets are overreacting to a world glut of milk and he does not foresee any further erosion of this season’s payout forecast – despite the economic chill from the northern hemisphere.
Fonterra Payout a Global Economy Reality Check
NEW ZEALAND – The second payout revision downwards by Fonterra Cooperative Group in just over two months, is the reason why Federated Farmers warns farmers to budget conservatively. It is estimated this revision will see around NZ$500 million less come into the economy.