Conditions are in place for the start of a new dairy price cycle, says ASB senior rural economist, Nathan Penny. A tighter global dairy supply and firming demand for milk products are setting the scene for further price rises His … Continue reading →

Fonterra has delivered a mixed result to shareholders this morning. The co-op has lifted its 2018-19 milk forecast price to $6.30-$6.60/kgMS, up from $6.00-$6.30 range announced in December. However, the co-op revised its forecast earnings down to 15-25 cents per … Continue reading →

Fonterra has taken a stake in Motif Ingredients, a US-based food ingredients company developing plant-based or cell-grown animal products, including milk. Fonterra joins Ginkgo Bioworks, Breakthrough Energy Ventures, Louis Dreyfus Companies and Viking Global Investors. Judith Swales, head of Fonterra’s … Continue reading →

Employers aren’t paying enough attention to retaining the employees they have for the next season. The scale of the New Zealand dairy industry is seen in the numbers: revenue of $14 billion, 12,000+ farmers and 34,000+ employees. Then look at … Continue reading →

Pāmu Farms’ dairy production has gone well in the first six months of the 2018-19 season, says the general manager dairy, Mark Julian. Until the end of December it was about 6% ahead of the previous 2017-18 season, like for … Continue reading →

An Irish dairy researcher says despite admiring New Zealand’s dairy industry he has concerns about it. He discussed his concerns with Dairy News reporter Peter Burke at the recent Australasian Dairy Science Symposium in Palmerston North. Laurence Shalloo is a … Continue reading →

An influential European Union diplomat is optimistic that a quality free trade agreement (FTA) with New Zealand is possible before the end of 2019. The EU Commissioner for Agriculture and Rural Development, Phil Hogan, visited NZ briefly last week to … Continue reading →

Hamilton-based NZAgbiz saves dairy products no good for human consumption from going to landfill. The company has had a circular business model since its inception in 2008. A Fonterra business unit, NZAgbiz manufactures livestock nutrition products using primarily Fonterra ingredients and … Continue reading →

New Zealand’s second Māori-owned dairy plant project is on track to start producing in July. The $33 million plant in Kawerau is a joint venture: 11 Māori entities, including Poutama Trust. Between them they hold a 67% stake in the … Continue reading →

The country’s second-largest dairy processor, Open Country Dairy, will showcase its newest factory to farmer suppliers on March 7. Open Country Dairy’s Horotiu plant has been producing milk powder since August last year. OCD chairman Laurie Margrain told Dairy News … Continue reading →