Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
The latest dairy auction has seen the dairy index up for the second time in a row, in what will be a welcome result for dairy farmers.
The GDT price index rose 10.9% at last night’s auction, to US$2,226/MT.
The biggest gains were seen for Butter Milk Powder, which rose a massive 30% to an average price of US$1,829/MT.
Whole Milk Powder also gained ground, climbing 12.1% to US$2,078/MT.
Anhydrous Milk Fat and Skim Milk Powder were both up 11.7%, with average prices of US$3,029/MT and US$1,698/MT respectively.
Most other products also saw an increase, with Butter rising 8.1% to US$2,746/MT, followed by Rennet Casein up 6.3% with an average price of US$5,779/MT and Cheddar was up 4.7% to US$2,913/MT.
Lactose was the only product to lose ground, falling 4.0%, to an average price of US$483/MT.
The auction saw a total of 35,865 MT sold.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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