News | Business
4 Dec 2021 7:54
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • News
  • Sport
  • Weather
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Farmers are set to receive one of the largest payouts in Fonterra's history

    Farmers are set to receive one of the largest payouts in Fonterra's history

    26 October 2021

    Fonterra
    Fonterra
    The dairy giant has increased its forecast farmgate milk price -- with the mid-point now 8-dollars-40 per kilogram of milk solids, the highest equal paid by the co-op.

    Fonterra CEO Miles Hurrell says it's a result of continued demand for New Zealand dairy, relative to supply.

    He says demand from China's eased over the past couple of months, but other regions have stepped in.

    And global milk supply's forecast to be lower than average, driven by a slowdown in US production due to expensive feed.

    © 2021 Newstalk ZB, NZCity


     Other Business News
     03 Dec: A northland businessman says border checkpoint confusion is causing booking cancellations
     03 Dec: ???1;Another boost to the economy....from New Zealand's agriculture sector
     03 Dec: Queenstown has exceeded expectations in the Covid race to reach 90 per cent
     03 Dec: It's a day of firsts for New Zealand
     03 Dec: Fonterra has lifted its milk payment to farmers to a record level
     03 Dec: The Health Minister says as the country shifts to the traffic-light system, we need to make sure we can cope with the unexpected
     02 Dec: New Zealand cows produced record milk volumes last season ... even though there were fewer in the paddocks
     Top Stories

    RUGBY RUGBY
    Disappointment for New Zealand snowboarders Cool Wakushima and Tiaan Collins in their opening World Cup events of the season in Steamboat Colorado More...


    BUSINESS BUSINESS
    A northland businessman says border checkpoint confusion is causing booking cancellations More...



     Today's News

    Motoring:
    Two big surprises in Bathurst 1000 qualifying at Mount Panorama 7:43

    Accident and Emergency:
    One person has died after a serious crash in Wyndham in Southland last night 7:33

    Entertainment:
    Cardi B's new line of whipped cream sold out within minutes of going on sale 7:31

    Law and Order:
    Police are investigating a serious assault in the Christchurch suburb of Sydenham this morning 7:23

    International:
    Omicron is being grown in labs and studied as scientists race to unlock the COVID-19 variant's mysteries 7:13

    Accident and Emergency:
    Fire crews in the South Island had a busy night battling three major house fires 7:13

    Christchurch:
    One Person has died after a single car crash in Motunau in North Canterbury 7:03

    Entertainment:
    Selena Gomez struggles to get out of bed at times 7:01

    Entertainment:
    Edie Falco says James Gandolfini once halted 'The Sopranos' filming when he went into a "sugar coma" 6:31

    Entertainment:
    Ben Affleck feels "very lucky" for "second chances" and his challenges in life 6:01


     News Search






    Power Search


    © 2021 New Zealand City Ltd