Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
DAIRY FARMERS should pay close attention to farm costs this season, says industry body DairyNZ, in response to the reduced 2014/15 forecast milk price.
WESTLAND HAS announced a pay-out prediction of $6 to $6.40/kgMS before retentions for the 2014-15 season just started.
A RECORD DEMAND for milk powders saw Fonterra's revenue up 21% - but after tax profit is down 53%, the cooperative has reported in its interim results.
WESTLAND EXPECTS sales revenue of more than $750 million this season resulting in an operating surplus of $7.60-$8/kgMS before retentions.
NEW ZEALAND dairy farmers are set to earn an extra $5 billion this season if the payout forecast holds and no spanners – such as another drought – fall into the works.
WAIKATO DAIRY processor Tatua's payout for the 2012-13 season is $7.40/kgMS, described as "stunning" by a Federated Farmers member and Tatua shareholder.
WESTLAND MILK has confirmed its 2012-13 operating surplus is $6.34/kgMS, with a retention of 30c, a 7% increase on the initial season opening budget.
Continuing high international commodity prices have seen Synlait Milk increase its forecast milk price for the FY2014 season from $7kgMS to $8 kgMS.
Westland has lifted its 2013/14 forecast to $7.60-$8/kgMS before retentions- $1/kgMS more than the company's first forecast in May. The advance rate has also increased to $5/kgMS, payable September 20, 2013.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.