Milk auction price rises
Milk auction price rises
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.
Milk price
Companies raise advance milk payment
Companies raise advance milk payment
Two of the country's largest dairy companies have raised the advanced milk payment to suppliers and farmer cashflows are benefiting.
Litre of milk could rise by up to 20c
Litre of milk could rise by up to 20c
A litre of milk could cost consumers as much as 20c more on the back of news Fonterra expects to pay its suppliers more for their milk next season.
Milk price offsets lower production
Milk price offsets lower production
A high milk price offsetting below-target production has allowed South American dairy farmer New Zealand Farming Systems Uruguay to reaffirm earlier financial guidelines of an expected full-year loss on earnings before interest and tax of up to $NZ14 million.