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Fonterra payout cut surprises - but forecast rosier
Depressed prices on the global dairy market have forced Fonterra to revise down its forecast payout for the current season by 30c per kg of milksolids.At the same time, the dairy cooperative fired off its first forecast for the... Read More | View Original Article
Andrew Fenton: Fruit fly alert shows what's at stake
Biosecurity cuts are false economy of the worst kind, writes Andrew Fenton, president of Horticulture New Zealand. Flying home from Australia recently, I found myself wondering how many of the multinational group of passengers on... Read More | View Original Article
Dairy prices drop to new 3-year low in overnight auction
Prices of dairy products fell for the third straight sale in Fonterra's overnight auction, reaching a new three-year low as China's slowdown and euro-zone uncertainty weighed on commodities. Read More | View Original Article
Milk waste leaves big carbon footprint
Waste milk creates a carbon footprint equivalent to thousands of car exhausts, claims a study that highlights the environmental costs of inefficient farming and the aggressive marketing of supermarket food.British scientists have... Read More | View Original Article
Canterbury creams dairying honours
Quake-affected Canterbury became the first region to scoop all three top awards at the annual Dairy Industry Awards on Saturday night.Enda and Sarah Hawe won the Sharemilker/Equity Farmer of the Year, Mick O'Connor was top farm... Read More | View Original Article
Dairy herds boom, sheep numbers keep falling
Around 250,000 more dairy cattle are grazing New Zealand paddocks than in mid-2010, but sheep numbers have dropped by over a million, figures show. Partly driven by higher milk solid payouts, the country now has more than six million... Read More | View Original Article
Landcorp chiefs says Crafar farms deal a joint venture
Landcorp chief executive Chris Kelly yesterday rejected the suggestion that its collaboration with Shanghai Pengxin in the Crafar farms deal would be a "sharemilker" relationship and said it would be a joint venture.He said a joint... Read More | View Original Article
NZ emissions action gets cool response
Yes, New Zealand does have an Emissions Trading Scheme, albeit one celebrated as much in the breach as the observance, given that it excludes agriculture - which produces 49 per cent of New Zealand's emissions as methane and nitrous... Read More | View Original Article
Grand international schemes to fight global warming are giving way to smaller-scale direct action, reports Peter Huck Ouarazazate, a city in southern Morocco near the Atlas Mountains, is famous mostly as a movie location ever since... Read More | View Original Article
In Auckland, where I live, we pay for our showers by the litre.In 2007 New Zealand had the second highest water abstraction per person out of 26 OECD countries. This means that each Kiwi displaces more water than anyone else in... Read More | View Original Article
Fonterra execs come out swinging on competitors' tactics
Fonterra Cooperative Group executives have rubbished a Deloitte report for local dairy industry competitors that claims it charges up to 50 cents a kilogram too much to supply them milk, accusing them of trying to bog down the cooperative... Read More | View Original Article
All Black captain teams up with Fonterra
All Black captain Richie McCaw is joining Fonterra as an ambassador to help the dairy company build "stronger connections with communities".McCaw is coming on board as part of a partnership agreement through to the end of 2015,... Read More | View Original Article
NZX 'could do better' on communication
Market participants say the NZX has done very well as a business but it could be doing a lot more to improve its relationships and communication with listed companies and investors.NZ Shareholders Association chairman John Hawkins... Read More | View Original Article
Liam Dann: Commitment needed to give us a sporting chance
Incoming NZX chief executive Tim Bennett has talked about New Zealand's capital markets needing to inspire the kind of national pride that the All Blacks do. Imagine that. Based on current public attitudes it seems hopelessly optimistic.But... Read More | View Original Article
Fran O'Sullivan: The State goes capitalist
John Key is enthusiastic about the potential for partially privatised state-owned companies to emerge as national champions on the international stage.In Singapore last month, Key talked to Temasek Holdings about the potential for... Read More | View Original Article
Gallagher Group: $200m and growing
A horse named Joe is a lead actor in the story of how one of this country's most successful family firms got its start."Joe would rub his backside on the family Essex," says Sir William Gallagher, chairman and chief executive of... Read More | View Original Article
'Shareholders would be a pain', says boss
Throughout Gallagher's long history, the company has remained privately owned.Its directors are Sir William, his brother John, and deputy chief executive Steve Tucker, who manages the agricultural side of the business. Sir William... Read More | View Original Article
Police continue hunt for Whangaparaoa gunman
Police are searching for a gunman after a Whangaparaoa home owner was injured when he confronted an offender armed with a sawn-off shotgun.Police were called to house just before midnight on Wednesday, where they found a man at... Read More | View Original Article
Charges laid over starving cattle
One person has been charged, nine months after 40 starving cattle had to be destroyed at Lake Brunner Station on the West Coast.The Ministry for Primary Industries (formerly the Ministry of Agriculture and Forestry) said yesterday... Read More | View Original Article
Cheaper dairy prices in store as auction falls
Shoppers could see the cost of dairy products fall as strong supplies and concerns about global growth cut into international prices.The average price for a basket of products in dairy company Fonterra's latest online auction yesterday... Read More | View Original Article
Export commodities tumble in worst fall for two years
Export commodity prices lurched lower last month, ANZ's commodity price index recording its steepest drop for more than two years.In world price terms the ANZ index fell 4.5 per cent to an 18-month low.The exchange rate provided... Read More | View Original Article
NZ commodity prices fall to 18-month low in April
New Zealand commodity prices fell to an 18 month low in April, led by a decline in the price of sheep meat.The ANZ Commodity Price Index slipped 4.5 per cent to 267.5 in April, to the lowest since December 2009, in what was the... Read More | View Original Article
Dairy prices slide 2.4pc in overnight auction
Prices of dairy products extended their slide in Fonterra's latest GlobalDairyTrade auction, reaching the lowest since August 2009.The GDT-TWI Price Index fell 2.4 per cent compared to the last sale two weeks ago. The average winning... Read More | View Original Article
$3b less predicted at the end of the export rainbow
Lower international commodity prices and less favourable weather could help cut exports by $3 billion in the year ahead, according to BNZ.A research note by BNZ economist Doug Steel said four external factors of weather, world product... Read More | View Original Article
Fonterra pushes share trade idea
Legislation that includes changes allowing Fonterra to start share trading among farmers is crucial to both the dairy co-operative and the country, says chairman Sir Henry van der Heyden.Van der Heyden, who yesterday addressed the... Read More | View Original Article
Dita De Boni: Making fleece golden again
Amid all the teeth-gnashing about the Chinese purchase of the Crafar farms, it may help to remember that without the Chinese, another of our agricultural industries would most certainly be down the gurgler.The wool industry, which... Read More | View Original Article
Crafar sale challenge lodged by Fay
The Sir Michael Fay led group which is vying with Shanghai Pengxin to buy the Crafar farms has lodged another legal challenge to the Government's approval of the sale to the Chinese company.A spokesman for the Crafar Farms Independent... Read More | View Original Article
NZ beef watches for import bans after US mad cow find
New Zealand beef exporters are watching closely for import bans on US beef in the wake of the discovery of mad cow disease in a dairy cow in California.However, the latest incident may not offer the same boost to New Zealand beef... Read More | View Original Article
