The increase in Fonterra's forecast milk payout last week
appears justified, after prices in its latest internet
auction lifted an average 2.4% yesterday.
Dairy farmers are on track for one of their biggest paydays
with Fonterra yesterday lifting the forecast milk price for
the current season by 30c a kg of milksolids to $6.90 a
Dairy giants Fonterra and Nestle are expanding their Dairy
Partners America's joint venture into Chile.
Two of the country's largest dairy companies have raised the
advanced milk payment to suppliers and farmer cashflows are
Critics of how Fonterra measures its gearing ratio claim it
could be as high as 60%, rather than the 44.9% for the year
end July 31 as published in the co-operative's annual
New Zealand cannot afford to lose control of its land, says
Fonterra chairman Sir Henry van der Heyden.
Rules requiring Fonterra to supply raw milk to competitors,
was costing the country up to $450 million a year, a study
commissioned by the co-operative has calculated.
A country cannot march on an empty stomach and
unfortunately there is no free lunch. Conor English explains
how the national cake can be made bigger.
Fonterra is making a second foray into a developing market,
announcing plans to establish a pilot dairy farm in India.
Debate over a new capital structure at Fonterra has
strengthened the co-operative at a time when competitors have
eroded its market share to less than 90% of New Zealand's
milk production, says the dairy giant's watchdog.
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