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 Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news