Better days coming - Open Country Dairy
Open Country Dairy suppliers have received a final payout of $7.37/ kgMS for milk sent to the factories in October and November last year.
Open Country Dairy suppliers will receive $9.37/kgMS for milk supplied between June and September this year.
Farmer suppliers will be paid in full this month.
The price is 2c above last season's average milk price of $9.35/kgMS, a record payout by Open Country.
The company, which pays suppliers in full via four instalments during the year, paid $10.06/kgMS as January settlement period and $9.84/kgMS in May.
Open Country chief executive Steve Koekemoer says a string of very strong milk prices is testament of the way the business has performed.
"The business has performed extremely well and this is shown in our milk payments to farmers."
Global dairy prices have receded in recent months and Koekemoer says demand has been weaker than anticipated.
Demand in China expected to bounce back from Covid lockdowns, prices should come back.
"We anticipate prices to rise in the medium term," he says.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.