Fonterra unveils first electric refrigerated truck
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.
The co-op has increased the midpoint of its forecast range, which farmers are paid off, by 20c to $7/kgMS. This follows a 40c lift in October.
Fonterra chief executive Miles Hurrell says as a result of strong demand for New Zealand dairy, the co-op has narrowed and lifted the bottom end of the forecast farmgate milk price range from $6.30 - $7.30/kgMS to $6.70 - $7.30/kgMS.
“This means the midpoint of the range, which farmers are paid off, has increased to $7/kgMS,” he says.
“China is continuing to recover well from COVID-19 and this is reflected in recent Global Dairy Trade (GDT) auctions with strong demand from Chinese buyers, especially for Whole Milk Powder, which is a key driver of the milk price.
“The impact of COVID-19 continues to play out globally, and we continue to have a watchful eye on the increasing Northern Hemisphere milk production and New Zealand dollar.
“However, we have contracted a good proportion of our sales book for this time of the season, which has given us the confidence to narrow and lift the bottom end of the forecast Farmgate Milk Price range.
“Our forecasts would see the co-op contribute around NZD $10.5 billion to the New Zealand economy this year.”
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.
Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery…
OPINION: Sydney has a $12 million milk disposal problem.