Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
When the Shanghai Stock Exchange plunged last month, Chinese authorities moved quickly to suspend trade.
With Fonterra’s Global Dairy Trade auction suffering 10 straight price drops some industry leaders are calling for similar radical action in the hope this would arrest the decline in prices.
It might work but the damage to GDT’s reputation as the global benchmark for dairy prices would be tarnished. Are Fonterra directors bold enough for such a move?
The Fieldays Forestry Hub returns to Fieldays in 2026 for the fifth consecutive year, highlighting the important role forestry and wood processing play in supporting New Zealand's economy, environment, and regional communities.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
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