Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Milk collection in Waikato is now down 14% on daily collection last year, says Fonterra.
This reduction is highly unusual, the co-op says.
“Fonterra is continually assessing the ongoing impact on its contract book and future production plans, given that milk collections at the peak of this season will not recover and will flow into the balance of the season,” the co-op’s global dairy update for September says.
It has further reduced its forecast milk volume for the 2016-17 season from 1523 million kgMS to 1460m kgMS.
In September, Fonterra New Zealand milk collection decreased 2% and Fonterra Australia collection decreased 9%.
“Since then the continuing impact of materially wetter-than-normal spring weather in most regions has further reduced Fonterra’s milk volumes in NZ."
Daily milk volumes in the central and upper North Island were well down in early October.
Collection nationwide in the four months to September 30 reached 297m kgMS, 3% behind the same period last season. September milk collection was 175m kgMS, 2% lower than September last season.
North Island milk collection in September reached 110m kgMS, 5% behind September last season. Unfavourable weather continues to affect production in most dairying regions. High rainfall in October have made conditions difficult in many regions, most noticeably in the central region where daily production is down about 14% on last year.
South Island milk collection in September reached 64m kgMS, 3% above September last season. Initial October collections indicate milk volumes in the South Island have begun to decline and may fall below last season.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.