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Fonterra Darfield tankers
FONTERRA'S MILK across New Zealand reached 554 million kgMS last month, up 4.3% on the same month last year.
In its monthly global dairy update issued this morning, the co-op says milk collection volumes peaked at 89.7 million litres per day in mid‑October.
New Zealand has a predominantly pasture-based milk supply curve and production peaks around mid-October every season.
Fonterra says North Island collection in October reached 147 million kgMS, seven million kgMS ahead of October last season.
North Island production growth continues, supported by mild spring temperatures, good soil moisture and strong pasture growth.
South Island collection in October reached 86 million kgMS, three million kgMS ahead of October last season.
Conditions have been variable across the South Island with cooler conditions experienced in central and the lower South Island. However, the co-op says current pasture growth conditions are still supporting increased production compared to last season.
Milk collection across Australia for the four months to October 31 reached 44 million kgMS, four million kgMS ahead of the same period last season.
Favourable spring conditions continued, particularly in Tasmania, where good rain and mild temperatures have continued to drive production growth, Fonterra says.
Milk collection in Australia in October reached 15 million kgMS, one million kgMS ahead of October last season.
OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.
Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.
An A$2 billion bid for Fonterra's Oceania business would be great news, according to Forsyth Barr senior analyst, equities, Matt Montgomerie.
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.
Fresh produce grower and exporter T&G Global has overturned last year’s dismal performance by reporting a half year net profit of $1.7 million.
One of New Zealand’s largest fertiliser plants could be forced to shut down for four months as uncertainty looms over gas supply.
Federated Farmers North Canterbury president Bex Green says two public meetings held this week should have made it loud and clear that rural families and businesses are concerned about proposed staffing changes at NZ Police.
The Environmental Protection Authority (EPA) is consulting on a proposal to ban weedkillers containing chlorthal-dimethyl (DCPA).
August 6 marks Farm Worker Appreciation Day, a moment to recognise the dedication and hard mahi of dairy farm workers across Aotearoa - and DairyNZ is taking the opportunity to celebrate the skilled teams working on its two research farms.
OPINION: The Government has been seeking industry feedback on its proposed amendments to a range of Resource Management Act (RMA) national direction instruments.
