Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
Fonterra has revised its Australia farmgate milk price; from A$5.60/kgMS to A$5.00/kgMS for the current season.
The mayor of a district where dairying is a big part of the local economy says he's starting to see problems resulting from the downturn.
The unexpected slight lift of 2.1% in the GlobalDairyTrade price index last week was a tiny glimmer of light at the end of the tunnel, commentators say.
Helping farms through this tough patch and ensuring they maintain their low-cost advantage when the upturn arrives are key focus areas.
European farmers have different views on potential milk supply control measures that were recently discussed at a Council of EU agriculture ministers.
Fonterra chairman John Wilson says he is absolutely confident dairying will recover back to sustainable pricing levels for farmers.
Fonterra's 'Black Tuesday' announcement last week that the current season forecast payout will be cut to $3.90/kgMS poses a number of questions.
Fonterra says its decision to delay payments to some creditors by up to 90 days is nothing new and suppliers should "align" themselves to it.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.