Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra has reduced its 2020-21 forecast farmgate milk price range midpoint by 5c.
Having sold most of its milk for the 2020/21 season, Fonterra says it is now in a position to narrow this season’s range - from $7.30 - $7.90/ kgMS to $7.45 - $7.65/kgMS.
Chief executive Hurrell says, at a mid-point of $7.55/kgMS , 2020/21 would be the second year in a row with the forecast farmgate milk price above $7/kgMS.
Hurrell says since March, global dairy prices have settled, somewhat.
“This is why we have revised our midpoint down 5 cents.”
He referred to the “extraordinary” March Global Dairy Trade (GDT) event, where prices jumped 15% and contributed to the increase in its forecast 2020/21 farmgate milk price range.
Back in March, the average price for whole milk powder was over US$4,350/metric tonne. In the last three GDT events, however, the average price has reduced to close to US$4,100/metric tonne. And GDT butter prices have gone from almost US$6,000 per metric tonne to below US$5,000 per metric tonne for the first time since January, Hurrell notes.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
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