Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Idf Address: Fonterra sees Dairy Prices rising


Idf Symposium Address: Fonterra Perceives Dairy Prices Rising

In a speech delivered, in Paris on September 25 2002, to the International Dairy Federation (IDF) Symposium on the Consequences of the Internationalisation of Dairy Companies, Fonterra Co-operative CEO Craig Norgate delivered a relatively upbeat forecast on dairy prices.

Describing the outlook for the rest of the season as "more encouraging" he said: "The powder markets appear to have turned upwards - finally - and prices have been firming since the beginning of August. Butter demand is also strengthening and I would expect some recovery in cheese and casein prices as well later in the season."

But he cautioned that a full-blown recovery to the price levels of a year ago needed stronger growth in the world economy, specially the United States.

In a speech which attacked the United States and European Union's use of agricultural protectionism, Mr Norgate also drew attention to the debate on geographical indications which he described as "spiralling into absurdity".

While he had no difficulty with protecting legitimate local names for cheeses such as Roquefort or Gorgonzola, he said: "We must recognise that some names - Feta, Parmesan, Emmental and Cheddar - have long been recognised as generic products. The right to continue to produce and market those cheeses must be equally protected."


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news