Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
After a harsh drought and massive feed costs, dairy farmers needed good news and Fonterra may have just delivered it.
Westland Milk Products has announced a payout prediction for the 2013-14 season of $6.60 to $7kg/MS, an increase of 60 to 70 cents on the current season.
Fonterra's forecast payout for the 2013/14 will significantly boost dairy farmers' spirits after a tough season impacted by the worst drought for 70 years, says DairyNZ.
Fonterra's opening forecast farmgate milk price is $7kg/MS for the 2013/14 season - up $1.20 on the current season.
Fonterra has confirmed its payout forecast range for the 2012/13 season of $5.90 - $6.00 before retentions for a fully shared up farmer, unchanged from the previous forecast range.
Fonterra's dairy farmer supplier-shareholders are welcoming an early Christmas gift, with the cooperative lifting its 2012/13 forecast payout by 25 cents per kilogram of milk solids (kg/MS).
Fonterra's dairy farmer supplier-shareholders are welcoming an early Christmas gift, with the cooperative lifting its 2012/13 forecast payout by 25 cents per kilogram of milk solids (kg/MS).
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.