Dairy sector profit still on the table, but margin gap tightens
DairyNZ’s latest Econ Tracker update shows most farms will still finish the season in a positive position, although the gap has narrowed compared with early season expectations.
Primary Industry Minister Nathan Guy has paid a glowing tribute to outgoing DairyNZ chairman John Luxton.
Luxton is stepping down from the DairyNZ board after serving as chairman for eight years.
Addressing the industry-good organisation's annual meeting in Morrinsville today, Guy thanked Luxton for uniting the industry.
"It hasn't been an easy job at times; to make farmers realise they have to make changes to farming practices," he says.
He says under Luxton's leadership, DairyNZ has taken a lead role in improving the industry's environmental credentials.
Luxton also served as a National MP for 15 years, including nine years as a Cabinet Minister and a stint as Minister for Agriculture.
Guy says the relationship between DairyNZ and Government has been great under Luxton's leadership.
It is also important for DairyNZ to have good relationships with other primary sectors, he says.
Luxton is soon jetting off to see the Rugby World Cup in the UK.
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Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.
New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.
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