Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Fonterra chairman John Wilson says he is absolutely confident dairying will recover back to sustainable pricing levels for farmers.
Struggling Fonterra farmers must wait until March 23 to find out what more support they will get from the co-op.
Fonterra and its global peers believe future prices will show that the dairy market is not as imbalanced as the current prices indicate, John Wilson says.
Global dairy prices are unlikely to start rising until later this year, weighed down by European production and global economic uncertainty, says Fonterra chairman John Wilson.
More diversification in the New Zealand economy is sustaining the currency despite low dairy prices, says Fonterra chairman John Wilson.
Against the backdrop of a falling milk payout, Fonterra farmers will this week start discussing a governance review of the co-op.
Dairy farmers are being urged to make their businesses resilient around a $5/kgMS payout for the next few years.
OPINION: The new government has clearly signalled big cuts across the public service.
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