Displaying items by tag: milk payout

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.

Fonterra doesn't believe it will take much to change the global dairy market, but it expects very little change this year.

The world has changed and we need to understand that, says Mike Petersen, special agricultural trade envoy.

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.

Federated Farmers is calling for the Government to apply diplomatic pressure with European countries wanting to move backwards towards more regulation.

The low milk payout has dented farmer co-op LIC's half-year results.

Global dairy prices have slumped for the fourth straight time this year.

While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

The world economy has veered into difficult and dangerous waters, suggesting 2016 will be a long hard year of slow recovery in prices in global food commodity markets, including dairy.