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Latest Dairy farming in New Zealand Stories

2008-10-07 18:00:18

Tokyo, Oct. 7 (Jiji Press)--Major Japanese beverage firm Kirin Holdings Co. said Tuesday it has agreed to sell its Australian Dairy Farmers' yogurt license to New Zealand's leading dairy firm Fonterra Co-operative Group Ltd. For an undisclosed sum, Fonterra will acquire the rights to manufacture and sell the Australian firm's core yogurt brand SKI. Kirin plans to buy Dairy Farmers in November at the earliest through its National Foods Ltd. unit, Australia's biggest dairy company.END...

2008-10-06 15:05:00

By JANES, Andrew AFTER a year and a half of steadily rising dairy prices, shoppers are finally in for some relief when they buy milk, cheese, yoghurt, butter and icecream. Fonterra Brands, the consumer brands arm of the dairy co-op, says it will lower the price of its products in coming months because international dairy prices are falling. Fonterra Brands produces Anchor milk, Mainland cheese and Tip Top icecream among other brands. It sells about half of the dairy products in New...

2008-10-06 15:00:17

Product: St Ronan's Pastoral Ltd Offerer: MyFarm How it works: New Zealand's economy relies a lot on farming, but there are not many investment opportunities in the sector. MyFarm offers some, in the form of equity partnerships in farms, but they are not for everybody. In fact they are for the unusually wealthy (assets of more than $2 million or $200,000 per year income for the past two years) or for those with farming knowledge, as there are no investment statements or prospectuses for...

2008-10-06 15:00:03

By ARNOLD, Karen FONTERRA IS in the dark about its liability for compensation payouts as the global fallout from the Sanlu tainted milk saga continues. But the government says diplomatic ties between New Zealand and China remain strong despite Fonterra's link to the scandal. An estimated 54,000 Chinese babies have become ill and four have died after developing kidney problems as a result of drinking milk powder formula which contained the poison melamine. If melamine is blended...

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...

2008-09-29 14:41:06

By BRETT, Cate THIS TIME last week the story was about China and the thousands of infants whose health has been compromised by contaminated milk powder. Had it not been for the fact our flagship exporter Fonterra was centre stage, the story would probably have run on the world pages. But the story has morphed into a global food safety crisis as products containing melamine are pulled from supermarket shelves all over the world. And yesterday we learn that one of New Zealand's most expensive...

2008-09-25 15:00:39

By WOOD, Alan Cheese and butter supermarket prices might ease a little after Fonterra cut its forecast milksolid payout but milk prices will stay around existing levels, to the frustration of consumers. Fonterra, which has just taken a $139 million hit on the value of its contaminated San Lu milk business in China, has reduced its predicted payout for 2008/09 to $6.60 a kilogram of milk solids, down from an earlier forecast of $7. That forecast payout is lower than expectations and...

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...

2008-09-11 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...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.