Fonterra trims board size
Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.
Dairy prices have fallen to their lowest level in almost three years.
Fonterra's Global Dairy Trade-trade weighted index, which covers a range of 30 products and contract periods on offer, dropped 6.4%, with an average selling price of US$2,618 per tonne.
It was the third consecutive fall in the index at the fortnightly auctions. So far this year there have been only two rises out of the 10 auctions.
Prices fell for most dairy products on offer, with the largest decline seen in anhydrous milk fat, which fell 11.9%. Skim and milk powder also posted hefty falls, while rennet casein was the only one of the main products to manage a lift.
SMP dropped 5.4% to US$2,573/tonne while WMP dropped 9% to US$2546/tonne.
The next GDT auction is on June 5.
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
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