Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Federated Farmers Dairy chairman Andrew Hoggard says this morning’s strong rise in global dairy prices is a morale booster for farmers.
Hoggard told Rural News online that things are looking more positive after the GDT price index rose 11.4% and the flagship whole milk powder prices rose a whopping 19.8% to US$3317/tonne.
WMP prices need to stay over US$3000/tonne for farmers to get a decent milk payout and make a profit, he says.
“Let’s hope the prices remain steady,” Hoggard says.
Hoggard also points out that money won’t start flowing to farmers straight away; it would take several months.
GDT key results
Price Index up 11.4%
AMF index up 2.6%, average price US$5,146/MT
Butter index up 4.0%, average price US$4,146/MT
BMP index down 5.4%, average price US$2,248/MT
Ched index up 0.9%, average price US$3,332/MT
LAC index down 4.0%, average price US$755/MT
RenCas index down 4.8%, average price US$6,025/MT
SMP index up 6.5%, average price US$2,329/MT
WMP index up 19.8%, average price US$3,317/MT
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.