Yili in Global Top 5 dairy companies
Yili, which operates Westland Dairy Company and Oceania Dairy, has consolidated its position among the top five dairy companies in the world.
Oceania Dairy has announced they will supply farmers with a guaranteed minimum milk payout of $4.50/kgMS for the 2015-16 season.
On the back of continued turbulence in global dairy markets, Oceania hopes their guarantee will help support struggling dairy farmers.
"With Fonterra reducing its forecast payout for the season to $3.85, we wanted to send an important signal of support and partnership to our supply farmers," says Roger Usmar, general manager, Oceania Dairy Limited.
"Backed by our owner, Yili, Oceania Dairy has looked at how we can practically support our suppliers at a difficult time for the sector.
A premium minimum guarantee will offer farmers some certainty to their cash flow and operational planning for the 2015-16 season, says Usmar.
"Our suppliers are the life-blood of our business so we are investing in them and their future with Oceania Dairy," he says.
Yili recently announced details of a further five-year, $400 million development project on the Glenavy site. The comprehensive project will add capacity to output a wide range of additional products from the Glenavy factory.
This will include a whole milk powder dryer, an infant formula canning line and facilities to manufacture UHT milk products and lactoferrin.
"By working in partnership with our suppliers now, we believe that we can all be better positioned to capitalise on the opportunities of the future."
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
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OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.