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.
Matt Shirtcliffe, creative director Shirtcliffe & Co (right) and Michelle Thompson, chief executive RHANZ, with the mini tankers at the Fonterra Farm Source Store in Cambridge.
The sale of milk tanker miniatures by Fonterra Farm Source stores is generating cash to help support rural mental health projects run by Rural Health Alliance Aotearoa New Zealand (RHANZ).
From September 1 each mini Fonterra tanker sold has yielded $10 for RHANZ community projects.
RHANZ chief executive Michelle Thompson says improving mental health in rural communities is a priority for its 38 RHANZ member groups.
"There is increasing concern about the pressure building on farming families and the health providers who look after them. So when Fonterra Farm Source said they would give us $10 from each mini tanker sale, we were delighted.
"The partnership was announced yesterday at the Fonterra Farm Source Cambridge store and particularly we thank Shelley Cresswell, category marketing manager Farm Source and Matt Shirtcliffe, from Shirtcliffe and Co, for making this partnership a reality."
The Mini Fonterra Tankers – available through Farm Source stores and online are limited edition diecast replicas.
"They are cool collectables and would make perfect Christmas presents," Thompson says.
RHANZ chair Dr Jo Scott-Jones commented that with soggy milk prices and difficult weather causing farmers so much pain, it is great to see Fonterra Farm Source helping out.
Fonterra Edendale has been recognised with the Mars Dairy Supplier Quality Award for the top performing supplier sites in the global food company's dairy supply chain.
Sheep milk processor Maui Milk has achieved grass-fed certification of milk supply against the AsureQuality Grass-Fed Scheme.
OPINION: What goes up must come down. So, global dairy prices retreating from lofty heights in recent months wouldn’t come as a surprise to many farmers.
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.
OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
OPINION: Are the heydays of soaring global demand for butter over?