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.
Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.
Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.
Animal owners can help protect life-saving antibiotics from resistant bacteria by keeping their animals healthy, says the New Zealand Veterinary Association.
According to analysis by the Meat Industry Association (MIA), New Zealand red meat exports reached $827 million in October, a 27% increase on the same period last year.
The black and white coat of Holstein- Friesian cows is globally recognised as a symbol of dairy farming and a defining trait of domestic cattle. But until recently, scientists didn’t know which genes were responsible for the Holstein’s spots.
According to the New Zealand Dairy Statistics 2024/25 report, New Zealand dairy farmers are achieving more with fewer cows.
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?