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


Farmers welcome Fonterra’s certainty

2 September 2011

Farmers welcome Fonterra’s certainty

Fonterra Cooperative Group’s confirmation its current season forecast will be held, is of relief to Fonterra’s dairy farmers.

“This confirmation is welcome because just like everyone else, Fonterra’s shareholders and suppliers have been watching globalDairyTrade closely,” says Robin Barkla, Federated Farmers Dairy vice-chairperson.

“After a hard winter and towards the end of calving, dairy farmers can now sit down and crack a smile. This will definitely give farmers and their families a boost as the new season’s production starts to ramp up. It also continues a run of good numbers the cooperative has delivered.

“globalDairyTrade is a factor in the forecast but it is far from being the only factor. There’s a lot of value add that is built into the milk we produce.

“Take Fonterra’s pharmaceutical joint venture with fellow dairy cooperative, Royal FrieslandCampina. This week it acquired the Indian company, Brahmar Cellulose, with the aim of becoming the world’s leading supplier of pharmaceutical lactose excipients.

“The milk price forecast of $6.75 per kilogram of milksolids (kg/MS), if expressed as a litre of milk, works out to be just under 66 cents a litre too.

“It all means farmers can keep their budgets on track but Federated Farmers still advises a degree of conservatism.

“The world economy remains sticky and potential in-season volatility of $2 kg/MS is a factor. Our overall advice is to run conservative budgets in order to bank the gains later,” Mr Barkla concluded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>

Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>