Fonterra fails to deliver meaningful returns

Fonterra has returned an average post-tax return 6% on capital since inception but an average of less than 5% in the six financial years since Trading Among Farmers began in 2012.

Peak pushes prices down

Daily milk production over the spring peak 5-6% ahead of last year has dragged down New Zealand dairy prices for the 11th consecutive fall or pause in the Global Dairy Trade auction roster.

Westland collection disrupted

Road closures and flooding have caused significant disruption to Westland Milk’s farm collections and product deliveries across the main divide but to what extend is still being determined, Westland communications manager Steve Attwood says.

Farmers back Rowarth to lead

Outspoken scientist Jacqueline Rowarth has been elected by fellow farmers to the board of DairyNZ, the industry-good body.

Payout depends on new capital

New capital will be key to Westland Milk Products delivering a competitive payout to shareholders next season, chairman Pete Morrison says.

Report says Fonterra fails to deliver

Fonterra has never delivered meaningful returns but remains the only vehicle to provide for the needs of farming families, Shareholders’ Council chairman Duncan Coull says in the Value Report to shareholders.

Guiney back on board

Discarded former Fonterra board member Leonie Guiney has side-stepped the official selection process to win farmer backing to regain her seat.

She will be joined by retiring Zespri chairman Peter McBride.

MPI options set DIRA in concrete

Fonterra might continue to be regulated for an extended, open-ended period despite its market share falling to 80% of all milk produced in New Zealand.

M bovis tests show eradication on track

Early results from nationwide bulk milk testing for Mycoplasma bovis suggest eradication is possible, the Ministry for Primary Industries says.