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Farmers are being urged to budget on a milk price in the lower half of Fonterra's present guidance range, $6.25 to $7.75/kgMS.

The forecast farmgate milk price is under more pressure following last week’s steep decline in whole milk powder prices on Global Dairy Trade (GDT).

The first Global Dairy Trade (GDT) auction for the new season delivered underwhelming results last week.

The country’s largest family owned and single-site kiwifruit and avocado post-harvest service provider has signed up to a sustainability linked loan (SLL) with ASB.

Craigmore Sustainables, a New Zealand diversified rural investment company, has gained a new $142 million sustainability linked loan (SLL) agreement for one of its investment portfolios – Craigmore Farming Partnership (CFP).

Fonterra last week lifted its earning guidance for this season but narrowed its forecast farmgate milk price due to softening whole milk powder prices.

Weaker demand for dairy, particularly in the key Chinese market, is being blamed for the continued slide in the forecast milk price.

Easing global dairy prices have prompted one bank to drop its forecast milk price for this season by 60c/kgMS.

ASB has gifted a $150 million farm to one of Auckland's largest schools.

The balance of global demand and supply continues to look very supportive for dairy prices, according to ASB economist Chandna Bedi.