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Latest Agricultural cooperatives Stories

2008-10-21 12:00:22

Research and Markets (http://www.researchandmarkets.com/research/244eba/chile_food_and_dri) has announced the addition of the "Chile Food and Drink Report Q4 2008" report to their offering. Chile Food Drink Report provides independent forecasts and competitive intelligence on Chile's food and drink industry The Chilean dairy sector has been growing strongly in recent years fuelled by growing international and domestic demand. The sector has recently been the subject of international...

2008-10-04 15:00:10

By JANES, Andrew FONTERRA is expected to lift its payout forecast for this season by at least 30 cents a kilogram of milk solids after a board meeting on Thursday. The dairy industry expects the co-op to reveal the payout boost in an announcement on Friday in which it will also re-set the price of its fair value shares and make its initial estimate of the payout for the 2008-09 season. According to industry sources, Fonterra has been telling farmers at recent meetings to expect a...

2008-10-03 09:00:24

Fonterra Brands New Zealand has confirmed that it will lower the price of its dairy products in the coming months. According to the company, while global dairy commodity prices remain well above traditional levels they are softening and this will flow through to the prices it charges its customers for products such as cheese and butter. Peter McClure, managing director of Fonterra Brands, said: "While we do not set retail prices, the prices we charge our customers will fall and we expect...

2008-10-01 15:00:22

High dairy prices have dampened global consumer demand. --------- ----------- The new payout announcement made by Fonterra will not lead to a dramatic belt tightening by dairy farmers. This is the belief of Manawatu/ Rangitikei Federated Farmers vice- chairman and Kiwitea dairy farmer Andrew Hoggard. "As history goes it's still a damn awesome payout. But given that our bottom line costs have also gone up, I guess there will be a few plans around capital expenditure that get put on the...

2008-09-24 15:00:38

By JANES, Andrew FONTERRA announces its annual result and a fresh payout forecast for the current season today as it continues to deal with the fallout from the Chinese melamine scandal. In May, the dairy co-op forecast a payout of $7.90 a kilogram of milk solids for last season and made an initial forecast of $7 for the 2008-09 season. Fonterra chairman Henry van der Heyden said early this month that farmers should brace themselves for a volatile milk market this season. According to...

2008-09-24 12:00:20

Research and Markets (http://www.researchandmarkets.com/research/8cf143/dairy_mergers_ac) has announced the addition of the "Dairy Mergers & Acquisitions 2008" report to their offering. Combining analysis, insight and opinion - Zenith is pleased to unveil its new series of short sharp topical market reports, delivering assessments of the emerging issues that matter to consumers and the wider dairy industry: -Adapt to change -Be early to market -Seize new growth...

2008-09-11 15:00:27

By WOOD, Alan INVESTORS have had second thoughts on entering the dairy sector, given a sudden plunge in global whole milk dairy prices. With whole milk powder prices retreating significantly in the past couple of months, market participants are saying demand for rural land suitable for dairy is lessening and linking it to new production investment. Global Dairy Network director John Shaskey said the latest price being paid for whole milk powder was about US$3000 a metric tonne, a...

2008-09-10 15:00:25

By WOOD, Alan Investors have had second thoughts on entering the dairy sector, given a sudden plunge in global whole milk dairy prices. With whole milk powder prices retreating significantly in the last couple of months, market participants are saying demand for rural land suitable for dairy is lessening. Global Dairy Network director John Shaskey said the latest prices being paid for whole milk powder price was around $US3000 a metric tonne, a retreat from recent peaks. One set of...

2008-08-29 15:00:31

By JANES, Andrew FONTERRA will face a powerful new competitor across the Tasman with National Foods set to buy Australian co-op Dairy Farmers for $1.1 billion. After a competitive sales process, Dairy Farmers announced yesterday that it would recommend the bid by Kirin-owned National Foods to its farmer shareholders. It will require the approval of at least 75 per cent of its shareholders in a vote scheduled for mid- November. Fonterra pulled out of the race to buy Dairy Farmers in...

2008-08-29 15:00:31

By ST GEORGE, Liz PLANS to set up a new dairy company in Wanganui are forging ahead with a series of farmer meetings around Taranaki next week. Dairy Trust intends to build a milk powder plant in Wanganui and will be starting work on the Affco site shortly. It will start operating on July 1 next year and pick up milk from as far north as New Plymouth, south to Foxton, and 90km east of Wanganui. Dairy Trust is a consortium comprising 36% Affco, 24% Olam, 18% Talleys, 15% Dairy...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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