Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
Former Fonterra chairman Sir Henry van der Heyden will be offering his thoughts on the future of the NZ dairy industry in a webinar this Wednesday (May 13).
Organised by the Waikato Rural Support Trust, the online session will feature van der Heyden and former Fonterra director Mark Townshend, Ngatea.
The Waikato RST says the webinar will be “a relaxed Q&A session”.
It says the two industry leaders will “discus why it is so important to embrace change and see the opportunities it provides”.
Van der Heyden has mostly stayed away from commenting on the dairy industry since he retired as Fonterra chairman in 2012 after 10 years at the helm of the co-op.
Townshend, a founding director of Fonterra has dairying interests in New Zealand (Hauraki, Canterbury, Southland), North America and South America.
Fonterra directors and councillors are in for a pay rise next month.
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
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