Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Fonterra has lifted its forecast farmgate milk price, hot on the heels of a huge leap in global dairy prices.
Nearly ten years after Fonterra’s last capital structure review, farmer shareholders have again started deliberating on the future shape of their co-operative.
New Zealand dairy farmers deserve credit for premium prices fetched around the world for their milk, says Fonterra chief executive Miles Hurrell.
This season's farmgate milk price could match last season’s $7.14/kgMS payout, despite the carnage caused by Covid-19.
Fonterra is reporting a first quarter gross profit of $270 million, up $72m on the same period last year.
Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.
Fonterra chief executive Miles Hurrell says work will continue this year on the co-operative’s business reset.
OPINION: The new government has clearly signalled big cuts across the public service.
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