Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
FONTERRA HAS opened a dairy ingredients warehouse in Dubai to help support the growing demand for dairy products throughout the Middle East, Africa, and the Commonwealth of Independent States (CIS) region.
The warehouse will enable Fonterra to hold more than 5,000 metric tonnes of product in Dubai ready for quick supply to customers.
It will work as a distribution hub for Fonterra's ingredients business which sells more than $2.3 billion in dairy ingredients throughout the region each year.
Pictured from left, : Jafza senior vice president, Adil al Zarooni; New Zealand Minister for Primary Industries Nathan Guy; Fonterra's general manager Middle East Africa and Commonwealth of Independent States, Miles Hurrell and Malcolm Miller – ambassador, New Zealand Embassy Dubai, officially opened the warehouse.
Alliance and Dawn Meats have completed their new strategic partnership.
Three New Zealand agritech companies are set to join forces to help unlock the full potential of technology.
As the sector heads into the traditional peak period for injuries and fatalities, farmers are being urged to "take a moment".
Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.
Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.
Animal owners can help protect life-saving antibiotics from resistant bacteria by keeping their animals healthy, says the New Zealand Veterinary Association.
OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
OPINION: Are the heydays of soaring global demand for butter over?