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?
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
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