Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
OPINION: The Hound notes that Fonterra is cashing in on the curent government's largesse with taxpayer money.
The dairy co-op recently unveiled its first electric milk tanker for which it received $427,000 in co-funding from taxpayers to offset the estimated total cost of $850,000 to purchase the electric truck cab/chassis and convert it into a tanker.
The tanker - apparently named 'Milk-E' - will be based at Fonterra's Waitoa plant, where there's a lot of close supplying farms on relatively flat land.
This begs the question, just how realistic and sustainable are electric milk tankers if they can only do short runs with no hills to maintain battery life?
Looks like more greenwashing than anything realistic.
Meanwhile, speaking of greenwashing, Energy Minister Megan Woods, who was on hand to unveil the electric truck, had a V8 BMW740 and driver waiting outside to take her to her next appointment!
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.
Fears of a serious early drought in Hawke’s Bay have been allayed – for the moment at least.

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