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.
OPINION: A short-term sugar hit. That's what NZ First leader Winston Peters is calling the proposed sale of Fonterra's consumer and associated businesses.
He has ratcheted up attacks on Fonterra bosses, arguing the sale is not in New Zealand's long-term interest and relinquishes control of valuable national assets.
With the election around the corner, Peters is turning to one of his favourite and proven tactics - playing the crusader guarding New Zealand's economic interests.
Voting on the sale started earlier this month, so while Peters got the headline he wanted, it remains to be seen if his antics have any impact on how the vote turns out.
The Government is set to announce two new acts to replace the contentious Resource Management Act (RMA) with the Prime Minister hinting that consents required by farmers could reduce by 46%.
Prime Minister Christopher Luxon says withdrawing from the Paris Agreement on climate change would be “a really dumb move”.
The University of Waikato has broken ground on its new medical school building.
Undoubtedly the doyen of rural culture, always with a wry smile, our favourite ginger ninja, Te Radar, in conjunction with his wife Ruth Spencer, has recently released an enchanting, yet educational read centred around rural New Zealand in one hundred objects.
Farmers are being urged to keep on top of measures to control Cysticerus ovis - or sheep measles - following a spike in infection rates.
The avocado industry is facing an extremely challenging season with all parts of the supply chain, especially growers, being warned to prepare for any eventuality.
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?