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.
Fonterra tankers will be leaving more than just milk dockets on farms from this Saturday (April 25).
The co-op will be dropping off hand sanitiser — made by the co-op from farmers’ milk — for personal use.
The co-op says buying hand sanitiser for personal use outside of work has been a challenge.
The co-op has been helping to make more hand sanitiser available to New Zealanders by increasing the availability of ethanol for sanitiser production.
Head of Farm Source Bay of Plenty, Lisa Payne, in an email to farmers, says the hand sanitiser is “just one of the products we make from your amazing milk”.
The co-op has been exploring ways to share the product with its farmers and employees.
“It's just a little way for our co-op to say thanks and keep safe. Our employees who need to come into work every day, and who are also part of our essential workforce, will be receiving a bottle too,” says Payne.
“Our amazing tanker drivers, doing milk collection from Saturday 25 April onwards, will leave a bottle on farm at the location where they leave the milk dockets post milk collection.
“For those who have already dried off, we will be in touch with further details about how and when you can collect your bottle from the local Farm Source Store.”
From Tuesday 21 April, there will also be some stock available for purchase by phone order through Farm Source stores: limited to two bottles per customer.
Payne thanked Farm Source and NZ manufacturing teams “who worked together to see this project come to life”.
Bradley Wadsworth lives on the family farm – Omega Station – in the Wairarapa about 30 minutes’ drive east from Masterton.
With global milk prices falling, the question is when will key exporting countries reach a tipping point where production starts to dip.
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OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
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