News | Rural
18 Sep 2021 20:28
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • 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 > Rural

    A weaker New Zealand dollar is a boon for farmers

    A weaker New Zealand dollar is a boon for farmers, offsetting recent drops in Fonterra's dairy payout


    Fonterra
    Fonterra
    ASB Rural Economist Nathan Penny says dairy production's also likely to be up over the season.

    Exporters have benefited from a fall in the dollar - from 74 US cents to 65 - this year.

    Penny says that'll make up for slightly lower dairy price - but things are still looking fine.

    He says they've forecast the payout will be six-dollars 50, which will mean the majority of farmers are still making money.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     12 Sep: Farmers are excited at the prospect of converting to growing oats, but it will come down to what the yield per tonne price is
     08 Sep: Some good news for dairy farmers
     05 Jul: Changes to how Fonterra calculates the price of milk
     28 Jun: Fonterra has agreed to sell its two joint venture farms in China
     25 Jun: The group representing the country's dairy farmers is reassured to see additional funding delivered for flood-affected farmers in Canterbury
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     Top Stories

    RUGBY RUGBY
    Tasman have claimed a 48-29 victory over Northland in their NPC match in Whangarei More...


    BUSINESS BUSINESS
    The SkyBus service to Auckland Airport could face the axe More...



     Today's News

    Politics:
    'A clumsy, inadequate and unAustralian situation': French Ambassador departs Canberra over submarine spat 20:25

    Entertainment:
    Selena Gomez can't wait to shoot season two of 'Only Murders in the Building' 20:08

    Entertainment:
    Chrissy Teigen has had fat removed from her cheeks 19:38

    Entertainment:
    Nicki Minaj will "forgive" Boris Johnson after he admitted to being unfamiliar with her work 19:08

    Rugby:
    Tasman have claimed a 48-29 victory over Northland in their NPC match in Whangarei 18:55

    Entertainment:
    Sam Asghari won't compromise his happiness to pursue fame 18:38

    Law and Order:
    It seems sunny weather in Auckland is causing some to break Covid-19 lockdown rules 18:35

    Entertainment:
    Kylie Jenner has been craving frozen yogurt during her pregnancy 18:08

    Rugby League:
    It's the battle of the west in tonight's second NRL semi final 18:05

    Entertainment:
    Prince Harry and Jill Biden teamed up to host a virtual event in honour of Warrior Games athletes and their families on Monday (13.09.21) 17:38


     News Search






    Power Search


    © 2021 New Zealand City Ltd