Arla targets $25b in total revenue
European dairy co-operative Arla Foods is forecasting a total revenue of nearly $25 billion this year.
At least 2000 farmers marched in London last month to pressure the Government to do more to address Britain's agricultural crisis.
Coachloads of farmers arrived at Westminster for a march organised by campaign group Farmers for Action, which wants the Prime Minister to acknowledge that there is "a major problem" in the agricultural sector.
"Falling prices across the industry are making production unsustainable. People cannot take this any longer," said David Handley, a protest organiser and dairy farmer in Monmouth, South Wales.
Low wholesale prices for goods including milk and cereal have caused income to plummet for many UK farmers.
According to Government figures, the average income of dairy farmers will have dropped by 45% in this tax year to £46,500.
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.