Fonterra lifts forecast milk price mid-point, advance rate
Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.
Westland Milk finished the season with a 5.3% increase in milk processed on last season, despite the drought on the West Coast.
This compares with a 2% drop in the total New Zealand milk production for 2012/13.
Chief executive Rod Quin says Westland processed nearly 670 million litres of milk, mostly into various powder-based products for export.
"The production figure is a credit to the resilience of our shareholder/suppliers in what has been a tough season for many, and to staff who have initiated changes at the Hokitika factory to allow milk processing all year round without the traditional shut-down period."
Despite the West Coast being severely impacted by a drought this season, Quin says Coast suppliers held their own, keeping production to much the same levels as last year. Westland also benefited from the production of its Canterbury shareholders who had the advantage of irrigated properties.
Quin says major changes within the company to allow for year-round production, plus the first ever offer to shareholders of the option to milk through the traditional dry season, have brought about a new era in Westland's production processes.
It puts the company on a solid footing to meet the increasing demand for its products, especially its new range of high-end nutritionals destined mainly for China.
"This year we have four farms supplying milk right through the traditional off-season," Quin says. "Feedback from these suppliers has been positive, and the benefits to the cooperative are flowing through as expected. Plans are underway for this opportunity to continue in future seasons when we expect the take up of milking-through will be higher."
Six livestock industry groups have signed a new agreement with the Government on how to prepare for, and respond to, a possible outbreak of Foot and Mouth Disease.
Farmers are welcoming a $17 million, seven-year collaborative science and research programme to lift pasture persistence and productivity.
Maize and sweetcorn pest fall armyworm has defied initial assessments regarding its ability to survive over winter in some parts of New Zealand.
A report released this morning at the National Fieldays, Mystery Creek shows dairy farmer confidence growing, but challenges remain.
Supporting farmers to build great workplaces is a focus for DairyNZ, which is why they say they have relaunched the self-assessment tool, Workplace 360.
Around 97% of New Zealand pet owners value the care provided by their vet teams, but the broader contribution of animal health professionals to society often goes unseen, a new study has revealed.
OPINION: Known for serious trade negotiations with global politicians, top NZ trade official Vangelis Vitalis also knows how to crack…
OPINION: The release of the King's Birthday Honours list would normally be Milking It's cue to moan about how agriculture,…