Fonterra Lifts Farmgate Milk Price
Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
Fonterra is closing its Brightwater site in Nelson in April next year, with 30 staff set to lose their jobs.
However, Fonterra chief operating officer Fraser Whineray says the workers are highly skilled and is confident they’ll be able to secure new roles.
Whineray says the priority right now is supporting them.
“It’s no doubt tough news for some of the Brightwater team and we’ll be working with them in the coming months on their future options, including redeployment opportunities within the co-op.”
The small aging plant at Brightwater will continue as a milk collection site as Fonterra moves its milk transfer activities there from Tuamarina.
Brightwater processes only about 0.25% of the co-operative’s overall milk supply into whole milk powder. Whineray says the move to close the milk processing plant, which will instead see the milk being processed at Fonterra’s Darfield site, is in line with Fonterra’s long-term strategy.
“We know milk supply is declining over time, flat at best, so we need to make sure we’re getting the most out of every drop of milk and optimising our plants to match both consumer demand and available milk supply.
“This, along with forecast capital and maintenance costs, means we’ve made the tough decision to close our milk powder plant at Brightwater.
“We’re continually working to ensure our assets across the country are as efficient as they can be, changing product mixes, and moving more milk into value-add products.”
AgriZeroNZ has invested a further NZ$17.7 million in methane vaccine developer ArkeaBio and NZ$5.1 million in BioLumic, a New Zealand-founded company that uses ultraviolet light to develop low-emissions pasture..
Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
OPINION: Political parties are getting plenty of advice and recommendations from sector groups as the election approaches.
In farming there are external factors that can influence behaviour of a whole herd, such as a bad weather event, triggering false positive heat detections or health attentions.
For Canterbury dairy farmer Cameron Henderson, supporting Meet the Need comes down to a simple question: how can the success of New Zealand farming benefit more than just those within the industry?
Fonterra board members are in line for a pay rise of around 3%.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.