The attention of the world's dairy markets will be focused on
today's globalDairyTrade event after news cyclones, floods
and bush fires have cut Australian milk production by at
least 100 million litres this season.
Fonterra has started giving its tanker fleet of 480 a
makeover that will make its vehicles more visible and roads
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.
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