Federated Farmers is joyed by Fonterra Cooperative Group signing a conditional offer to purchase the milk processing assets of New Zealand Dairies.

Strong interest from dairy farmers will make for a capacity crowd at the South Island Dairy Event (SIDE) to be held at Otago University in Dunedin at the end of June.

Fonterra confirmed it has entered into a conditional agreement to acquire the milk processing assets of the New Zealand Dairies Ltd group in South Canterbury.

With statistics showing dairy compliance rates have reached 91% for the 2011/2012 season, Horizons region dairy farmers deserve a pat on the back, says Federated Farmers Manawatu/Rangitikei provincial president and Dairy Industry Group vice-chairperson Andrew Hoggard.

Demand for store lambs waned at Temuka a bit on Monday as some lines may have been a tad too longer term for the market.

Dairy prices at the latest global dairy trade auction rebounded by 13.5%, a stark contrast to the falls seen in the previous three auctions.

A bumper production season for NZ and Australian dairy farmers has been great for farm incomes, but has also put some downward pressure on market prices.

LAST WEEK’S GlobalDairyTrade rebound of 13.5% is a sign the market is bottoming out say analysts, though they caution it’s only one result and dairy commodities aren’t out of the woods yet.

AUSTRALIA IS buying New Zealand stock in its struggle to keep up with demand for export heifers particularly to China.

PRIMARY INDUSTRIES Minister David Carter is lauding the signing of a deal between the New Zealand dairy technology company Milfos and a Russian company, Mercurii Holdings.

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