Why Fonterra accepted defeat in the dairy aisle
OPINION: Fonterra's sale of its consumer dairy business to Lactalis is a clear sign of the co-operative’s failure to compete in the branded consumer market.
Fonterra is again calling for applications by its farmers to lock in a guaranteed milk price (GMP) for the season.
The co-op says there are two opportunities in the 2015-16 season to secure a GMP on 60 million kgMS – up to 40 m kgMS is available in June, and up to 20 m kgMS will be available in December.
Farmers looking for a GMP can now apply to supply some of their estimated milk production at one or more of five prices ($5.25, $5.15, $5.05, $4.95, and $4.85) at and below the 2015-16 forecast farmgate milk price. Last month the co-op announced an opening forecast milk price of $5.25/kgMS for the new season.
Applications close 5pm June 19. Allocations will be made based on the prices at which milk solids were offered from the lowest price up and the GMP will be determined at the highest price at which a total quantity of milk solids in a specified range is reached.
Fonterra’s head of origination, Arron Atkinson, says farmers have the option to apply their volumes at one or more of five prices at and below the 2015-16 forecast farmgate milk price. This process allows for the prioritisation of allocation in the event that the GMP is oversubscribed.
“All accepted applications will receive the same guaranteed milk price. However, depending on the total milk solids offered at each price, some farmers may not get all or any of the volume they offered,” he said.
For applications made in June, farmers can apply to fix a GMP for between 10-75% of their estimated milk production for the 2015-16 season.
The second GMP opportunity will be available in December for production supplied December 1, 2015 to May 31, 2016.
Applications can be made online via Farm Source or request an application pack from Fonterra’s supplier services team on 0800 65 65 68.
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.
DairyNZ says its plantain programme continues to deliver promising results, with new data confirming that modest levels of plantain in pastures reduce nitrogen leaching, offering farmers a practical, science-backed tool to meet environmental goals.
'Common sense' cuts to government red tape will make it easier for New Zealand to deliver safe food to more markets.
Balclutha farmer Renae Martin remembers the moment she fell in love with cows.
Academic freedom is a privilege and it's put at risk when people abuse it.
OPINION: Milking It understands a formal disciplinary process is being conducted by Victoria University of Wellington on what one of…
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…