Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Fonterra has retained its 2021-22 forecast farmgate milk price range of $7.25 - $8.75/kgMS, with a midpoint of $8.
Fonterra says its milk collection for the season just ended almost hit 1,540 million kgMS, 1.5% ahead of the previous season.
Rabobank has joined the group of milk processors and banks forecasting a milk price of $8-plus for the new season.
Fonterra's wide forecast milk price range for the new season is realistic, says BNZ senior economist Doug Steel.
Fonterra's small group of organic farmers are facing a drop in milk price after a record $10.26/kgMS payout last year.
OPINION: Fonterra farmers will be hoping (and praying) for their second ever $8-plus milk price this season, but for the co-op's 70 organic milk suppliers, another $10-plus payout is almost a certainty.
New Zealand dairy farmers deserve credit for premium prices fetched around the world for their milk, says Fonterra chief executive Miles Hurrell.
Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.