Processors boost GHG credentials
Dairy's superpowers are lifting their game on proving greenhouse gas credentials.
Fonterra’s share price has dropped following a bleak market update on its 2018-19 financial results.
Read: Fonterra is signalling a full-year loss of up to $675 million for 2018-19.
At start of trading day on the NZ Stock Exchange this morning, the share was valued at $3.74 each. By midday the shares had lost 13c or nearly 5% value and hovering around $3.63/share.
Fonterra shares have taken a battering over the past 18 months. In January last year, each share was priced at $6.60. In the last 12 months it has lost 25% of its value.
Fonterra informed the markets this morning that it was bracing for a full-year loss of up to $675 million for 2018-19.
The co-op has also announced that no dividend will be paid for 2018-19; it has also written down $820m to $860m in asset value.
The co-op will announce its full-year results on September 12. However, it’s now clear that the co-op will deliver its second straight annual loss. Last year, the co-op declared its first ever loss of $196m.
Reducing nitrogen inputs does not necessarily mean reducing profits, says DairyNZ principal scientist Ina Pinxterhuis.
Southland Federated Farmers president Jason Herrick says farmers are prepared for winter grazing every year.
The a2 Milk Company (a2MC) is launching a new round of grants to support projects aimed at enhancing dairy farming sustainability via the a2 Farm Sustainability Fund.
DairyNZ is inviting applications for an associate director position.
Dairy's superpowers are lifting their game on proving greenhouse gas credentials.
Taupo-based low-carbon dairy company Miraka has its sights set on using 100% renewable energy in the next decade.
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