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

 


Record forecast Milk Price great news for Fonterra Farmers

MEDIA RELEASE

27 February 2014

Record forecast Milk Price great news for Fonterra Farmers

Fonterra Shareholders’ Council Chairman, Ian Brown said today’s record 2013/14 forecast Farmgate Milk Price of $8.65 per kg/MS was great news for Fonterra’s 10,500 Farmers.

Mr Brown said the announced 35 cents per kg/MS increase to the Farmgate Milk Price and the 25 cents per kg/MS increase in the advance rate schedule of payments to Farmers is a demonstration of the tangible benefits Farmers gain from Fonterra’s position in the global market.

Ian Brown:  “Fonterra Farmers should feel really positive about today’s record announcement and the manner in which the Co-op has taken advantage of its strong position and seized its opportunities.

“The forecast payout and advance rate will provide our Farmers with added flexibility and enable them to move forward with continued confidence.

“Given the volatility of the market, I urge Farmers to continue to show prudence in their financial planning.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

f work for Pumpkin Patch staff

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news