Fonterra milk prices on the up

The National Business Review has a story about how Fonterra’s milk powder prices on its online auction are up 5.7%  or $US3022 a tonne from last month. Again, the high Kiwi dollar wipped out most of the gain. The NBR’s story includes comment from Fonterra Global Trade managing director Kelvin Wickham: Whole milk powder prices [...]

Fonterra close to unveiling plans

The New Zealand Herald has a story about how Fonterra is expected to announce its second proposal for capital reform within the next fortnight.   Fonterra is facing pressure and increased competition from other dairy nations, including America, Ireland and the Netherlands. It needs more moolah to stabilise its balance sheets against drought and other [...]

NZ dairy futures taking shape

The New Zealand Herald has a story about how the first global dairy futures market being established by the New Zealand Stock Exchange (NZX) will cement the country’s position as a leader in the industry. However, there is concern that some dairy farmers won’t be financially literate enough to use or understand how the markets work. There [...]

High NZ Dollar impacting meat and dairy exporters

The Otago Daily Times has a story about how the high exchange rate of the New Zealand Dollar (NZX50) is impacting on meat and dairy exporters like Fonterra and  Alliance Group in New Zealand: The often-touted export-led recovery could be threatened by a soaring exchange rate which some economists believe could reach US69c. At 5pm yesterday, [...]