Fonterra boosts innovation spend in China's foodservice sector
Fonterra is opening a sixth application centre in China to boost its growing foodservice business.
Fonterra has announced a record opening forecast milk price for organic milk this season.
The co-operative says this reflects a strong sales book and an encouraging supply and demand picture.
For the new season, which started June 1, the co-op announced a range of $9.25 - $10.75/kgMS, with a midpoint of $10/kgMS.
The co-op paid a record final organic price of $10.80/kgMS for 2022-23 season.
The co-op is looking for new organic milk suppliers. A team will be at the Fonterra tent at Fieldays this week to chat with farmers and answer questions.
Farm Source milk supply director Lisa Payne told Dairy News that the co-op's organics programme has been running since 2002 and it currently includes more than 100 farms.
"Demand for organic products continues to grow and to keep up with this we are looking to further expand the programme.
"We've been encouraging farmers to get in touch with us if they want more information about the process and support available to convert their farm to organic."
Fonterra also announced its advance rate for organic milk supply this season. For the first seven months, farmers will get an advance rate of $7.50/kgMS.
It lifts by 15c for milk supplied in January next year.
Meanwhile Fonterra's Organic Farmer Conference was held in Taranaki last week. The co-op says the conference was a great opportunity for farmers to learn mor about the market and the key factors driving the milk price, as well as connect with fellow farmers and the Farm Source team.
As storms and flooding continue to batter the East Coast, the Insurance & Financial Services Ombudsman has issued advice for those impacted and looking to claim with their insurer.
Federated Farmers Gisborne/Wairoa president Charlie Reynolds says farmers are in need of emotional support after rain, wind and flooding hit the region this week.
Minister for Emergency Management Mark Mitchell says the Mayoral Fund has been triggered, activating $300,000 for regional recovery after severe weather hit the East Coast this week.
States of Emergency have been declared in Haumoana, Wairoa and Hastings after storms have once again battered the East Coast of the North Island.
Dairy processors are happy with the Government’s move to reduce redtape for exporters.
The fortunes of the dairy industry are expected to bounce back in about a year’s time, according to the Director General of the Ministry for Primary Industries (MPI), Ray Smith.
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