Displaying items by tag: Fonterra

Against the backdrop of a falling milk payout, Fonterra farmers will this week start discussing a governance review of the co-op.

Former Fonterra chairman Sir Henry van der Heyden will speak at the upcoming Australian Dairy Conference.

Fonterra will introduce an independent organic milk price linked to market returns for organic products, prompted by the success of that business.

Dairy farmers are being urged to make their businesses resilient around a $5/kgMS payout for the next few years.

The drop in the forecast farmgate milk price from Fonterra will reduce overall dairy revenues by a further $800 million, says DairyNZ.

Fonterra Shareholders Council says the co-op's 45c drop in the 2015-16 forecast payout is a sobering blow to farmers.

Fonterra has dropped its forecast farmgate milk price for the 2015-16 season by 45c to $4.15/kgMS.

Fonterra's milk collection across New Zealand last month dipped 3% compared to the same month last year.

While Fonterra seems to be putting a brave and optimistic face on the economic headwinds facing the dairy industry, the cooperative's optimism and the bare facts don't seem to align.

Banks have cut their farmgate milk price forecast after another drop in the GDT price index last week, albeit minor at an overall 1.4%.