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Global dairy prices are continuing to rise. The overnight Global Dairy Trade (GDT) trade weighted index rose 14.2%, its eight straight gain.
Whole milk powder prices index was up 7% to US$5,100/tonne. Skim milk powder prices rose a staggering 28% to US$5142/tonne.
Analysts say traders are competing for a shrinking volume of milk powder in the face of the continuing impact of drought.
Fonterra last week increased its milk payout by 30c/kgMS.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
Fonterra has named Elizabeth (Liz) Coutts the chair of Mainland Group, the proposed divestment entity of the co-operative’s consumer business.
Fonterra farmers are pleased with their co-operative's interim results, says Co-operative Council chair John Stevenson.
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Three farmers making contributions to the wider dairy sector have been chosen as this year’s finalists for the prestigious Fonterra Dairy Woman of the Year title.
Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association (NZVA) awards.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
After 20 years of milking cows, Northland farmer Greg Collins is ready to step into the governance side of dairy.
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