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OPINION: The misery of a2 milk is being passed onto its New Zealand partners, including Canterbury processor Synlait.
The majority Chinese-owned processor has been forced to withdraw its full-year 2021 performance guidance because of significant uncertainty and volatility within its business.
It says the move was prompted by problems with its major customer, a2 Milk Company, which is reeling from a slump in sales of infant formula to China.
Add to that shipping delays and lower infant formula production, and Synlait finds itself in unchartered waters.
The company will announce its half-year results this month.
OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.
OPINION: As India negotiates to open its borders to more global products, dairy is proving a sticky issue.
OPINION: Paranoia about foreigners is at an all-time high in the US and attention is now turning to foreign-owned farmland.
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery…
OPINION: Sydney has a $12 million milk disposal problem.
