Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS
A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.
MPs from both parties, saying they were worried about farmers, tried to blame the Government for the drop in global dairy prices or sought to make Fonterra pay farmers more or to force banks to carry bad loans. Your canine crusader reckons farmers might take these ‘concerns’ a little more seriously when Green MPs stop labelling farmers polluters and water thieves and their Labour mates stop wanting to hit the farming sector with new greenhouse gas taxes, stop making claims about farmers deliberately avoiding paying tax and cease calls to whack the sector with even more costs.
