Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
More bad news for dairy farmers as the latest Global Dairy Trade auction saw the average price index slip by 2.2% to $2,472.
It is the fifth consecutive fall this year with most products seeing a decrease.
Cheddar saw the biggest drop, down 7.1% with an average price of US$2,745/MT. This was followed by Anhydrous Milk Fat down 4.8% at US$3,337/MT and Skim Milk Powder down by 3.6% to US$1,992/MT.
Butter fell by 3.2%, average price US$2,911/MT.
Whole Milk Powder, a key product for Fonterra also saw a minor drop of 0.5% average price US$2,390/MT, with Rennet Casein down 0.4% to US$6,067/MT.
The two products to gain ground were Butter Milk Powder, up 3.2%, to US$1,930/MT and Lactose up 0.9% to US$580/MT.
Some 26,553 tonnes of product was sold, down from the 27,369 tonnes sold in the May 6 auction two weeks ago.
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
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