Record final milk price for Miraka suppliers
Farmers supplying milk to Taupo-based processor Miraka are getting a 2024-25 season base milk price of $10.16/kgMS.
While many around the country are embarking on their annual Christmas break, it will be business as usual for the country's second largest milk processor.
As dairy farmers continue milking cows, Open Country Dairy will be processing milk and getting product to market.
“The well-oiled Open Country machine with all plans in place won’t be missing a beat,” says chief executive Steve Koekemoer.
“Demand for our high-quality products has remained robust over the past couple of months and it is certainly turning out to be a solid season for dairy.”
With New Zealand now past the peak months and global milk supply soft, Koekemoer expects pricing to remain at the elevated levels.
“The recent auction results have confirmed this view and it was once again good to see customers outside of China stepping up.
“More encouraging is the fact that we have spread our product mix and all our products are delivering outstanding returns.”
He points out that in the past many have seen OCD only as a whole milk powder (WMP) supplier.
“But over the last few years we have invested in diversification and are now offering other products like more cheese, skim milk powder SMP, anhydrous milk fat (AMF), cream and will add lactose and concentrated products in the near future.
“Having a basket of products to choose from certainly has its advantages to ensure we are always competitive and can extract maximum value from the market.”
The new majority owner of meat company Alliance has no plans to close any processing plants. Instead, Dawn Meats plans to extract more value from Alliance's existing footprint.
Westpac NZ has announced new initiatives that aim to give customers more options to do their banking in person.
New Zealand red meat exports experienced a 29% increase year-on-year in September, according to the Meat Industry Association (MIA).
The head of the Ministry for Primary Industries (MPI) biosecurity operation, Stuart Anderson, has defended the cost and the need for a Plant Healht and Environment Laboratory (PHEL) being built in Auckland.
BNZ says its new initiative, helping make the first step to farm ownership or sharemilking a little easier, is being well received by customers and rural professionals.
The head of Fonterra's R&D facility in Palmerston North is set to literally cross the road and become the new vice chancellor at Massey University.

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