Tag Archives: Fonterra

New Zealand consumer confidence surged to its highest level in three years in June, buoyed by improving economic prospects, rising house values, low interest rates and falling prices, according to the latest Westpac McDermott-Miller Consumer Confidence survey. The Auckland-based cooperative is upgrading its Whareroa site, having spent $23 million improving the facility’s coolstore since 2011, it said in a statement. …

Fonterra Cooperative Group, the world’s biggest dairy exporter, has set the guaranteed price in its pilot scheme at $7 per kilogram of milk solids for those farmer-shareholders wanting to lock in payment certainty for the 2014 season. The guaranteed milk price matches its initial forecast for next season, and is part of a scheme letting farmers accept a price for …

New Zealand’s terms of trade rose for the first time in seven quarters, led by higher export prices for dairy products while a strong kiwi dollar helped constrain import prices. The terms of trade, a measure how much imports can be funded with a fixed amount of exports, rose 4.1 percent in the first quarter from three months earlier, according …

Fonterra Cooperative Group, the world’s biggest dairy exporter, expects to pay $1.20 more to farmers per kilogram of milk solids for the 2014 season as a result of strong international prices for dairy products. The farmer-owned cooperative will pay $7 per kgMS next season, up from $5.80 in the current season, it said in a statement today. Auckland-based Fonterra held …

The New Zealand dollar may rise on expectations Fonterra, the nation’s largest exporter, will raise its forecast payout to farmers. The kiwi was little changed at 80.82 US cents, from 80.81 cents at 5pm yesterday. The trade-weighted index edged up to 76.55 from 76.38 yesterday. Fonterra, which is the world’s largest dairy exporter, is expected to announce its payout for …

Fonterra Cooperative Group, the world’s biggest dairy exporter, has scaled back its offer to farmer shareholders to sell the economic rights of their shares into the Shareholders’ Fund. The NZX-listed Fonterra Shareholders’ Fund, which gives outside investors access to the dairy exporter’s dividend stream, will buy almost 60 million so-called ‘wet’ shares worth $475 million at $7.92 apiece, with those …

The impact of drought in February, March and April on dairy farms was greater than Fonterra Cooperative Group anticipated, with milk collection down 0.5 percent in the first 11 months of the season. The Auckland-based company collected 1.414 million kilograms of milk solids in the latest 11 months, from 1.421 million kgMS in the same period a year earlier, it …

The impact of drought in February, March and April on dairy farms was greater than Fonterra Cooperative Group anticipated, with milk collection down 0.5 percent in the first 11 months of the season. The Auckland-based company collected 1.414 million kilograms of milk solids in the latest 11 months, from 1.421 million kgMS in the same period a year earlier, it …

Prices of dairy products fell for the first time in 10 GlobalDairyTrade auctions, led by the whole and skim milk powder as the volume on offer gained for a second session from a two-year low. The GDT-TWI Price Index fell 7.3 percent compared to the last sale two weeks ago, the first decline this year. The average winning price fell …

The New Zealand dollar dropped by more than half a US cent as weaker than expected private payrolls figures in the US eroded investors’ appetite for higher yielding assets. The kiwi may extend its decline after dairy prices sank in the latest auction GlobalDairyTrade auction. The kiwi fell to 84.92 US cents from 85.73 cents at 5pm in Wellington yesterday. …