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


Dairy Farmers' Margins Increasingly Squeezed

23 July 2003
Dairy Farmers' Margins Increasingly Squeezed

Fonterra's final payout of $3.63 per kilogram milk solids is an unsatisfactory level of income for dairy farmers, says Dairy Farmers of New Zealand Chairman Kevin Wooding.

"However Fonterra's net surplus of $284 million for 2002/3 is pleasing given the impacts of a rising exchange rate and lower commodity prices internationally, said Mr Wooding.

"Fonterra must be commended for improvements in their cost structures and for not trying to improve the result by weakening the balance sheet.

"But rest assured farmers will be pouring over the balance sheet in the next few weeks looking for opportunities for Fonterra to improve their spending in the corporate area.

"This result highlights the reality that farmers are facing a cost squeeze in the current world environment exacerbated by Government policy.

"The challenge ahead for dairy farmers is to remain competitive in a highly subsidised international market place as our natural advantages are eroded by excessive compliance costs."


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>