Dairy

Fonterra starts c farmer talks about finalising PKE guidelines

[13 October/ Stuff] Fonterra has begun talks with its farmers about finalising penalties for excessive use of palm kernel expeller (PKE). Fonterra’s Bay of Plenty Farm Source Regional Head Lisa Payne said two penalty options are being presented to Farmers, and Fonterra hopes to finalise an option by the end of 2017, for new guidelines...

Dairy sector challenge: target the right people for our rural workforce

[17 October/ New Zealand Herald] DairyNZ Chief Executive Tim Mackle said young people deserve the opportunity to succeed within the agricultural industry. The dairy sector is calling for a future government to ensure a robust workforce strategy to support skilled workforce growth for the dairy sector. Dr Mackle said a strong long-term plan that aligns...

Dairy foods are earning more

[17 October/ Farmers Weekly] Fonterra Chief Executive Theo Spierings said Fonterra’s growing food service division will drive further into sports, medical and advanced adult nutrition. Mr Spierings spoke at an Anchor Food Professionals event to mark Fonterra’s $2 billion annual revenue achievement and 27 percent sales volume growth in the 2017 financial year. Anchor Food...

Dairy price rises lift overall food costs

[13 October/ Otago Daily Times] Dairy product prices such as butter, fresh milk, cheese and yoghurt are increasing food prices, decreasing household’s ability to afford food. Food prices increased 3 percent in the year ending September, following a 2.3 percent incline for the year to August. The cheapest available 500g block of butter was $5.55...

Slaughter of 4000 cattle major logistical exercise

[13 October/ New Zealand Herald] The Ministry of Primary Industries Director of Response Geoff Gwyn said the slaughter of 4000 cattle on five Van Leeuwen Dairy Group properties in the Waimate district infected with the cattle disease Mycoplasma bovis needed to be carefully planned and co-ordinated. The removal of cattle would occur after extensive consultation...

Fonterra confident dairy will always trump synthetic alternatives

[13 October/New Zealand Herald] Fonterra Cooperative Group confidently believes that the complexity of cow milk will allow it to outperform plant-based options. Prime Minister’s Chief Science Adviser Peter Gluckman sees these alternative as posing a threat to New Zealand’s economic future. In a keynote speech to the annual NZBIO conference in Wellington, Mr Gluckman said...

Rural property: Dairy unit offers good value

[12 October/ New Zealand Herald] A Whanganui dairy unit is considered to provide good value for price. The self-contained farm contains over 183 hectares of high-quality soil, in a number of titles. Bayleys Feilding Agents Dean File and Andrew Bonnor said the farm had been well laid out with good fences and tracks to subdivide...

DairyNZ supports decision to cull animals on farms infected with Mycoplasma bovis

[12 October/ New Zealand Herald] Dairy New Zealand Chief Executive Dr Tim Mackle said Dairy Farmers would be pleased by the Ministry of Primary industries’ (MPI) decision to cull animals on farms infected with the disease Mycoplasma bovis. Dr Mackle said farmers have been on high alert since the disease was first identified in July....

Mataura Milk building on track

[12 October/Farmers Weekly] Mataura Valley Milk is building a dedicated nutritional plant north of Gore. The $250 million milk processing factory is on track to start operating next August. Plant Manager, Bernard May said the formulas it produced would comply with some of the highest quality standards in the world. The company will operate with...

Fonterra farmers begin voting

[11 October/Farmers Weekly] A 21-day voting period has begun for Fonterra’s farmer-shareholders to elect three candidates for the board, and for shareholders’ councillors to be elected in 10 wards. Director John Monaghan and newcomers Andy Macfarlane and Brent Goldsack each needed 50 percent approval of all voting Fonterra farmers to be elected to the board....

Milk delivered to the gate in glass is making a comeback

[7 October/ Stuff] Milk producers Oaklands Milk and milkman Milk and More Nelson are bringing back the glass milk bottle delivered to your home, helping to prevent an estimated six tonnes of plastic bottles from landfill in 2017 alone. Oaklands Milk is only one of two milk suppliers in the country using glass bottles, the...

Mataura Valley Milk something special

[8 October/ Otago Daily Times] Mataura Valley Milk is building a unique and highly specialised nutrition plant near Gore to manufacture premium nutritional formulas. Mataura Valley said this is a different business to a dairy company, as highly functional and high-value products will be made to order. The project offers 30 local farmers an opportunity...

Chinese demand boosts dairy returns: Rabobank report

[9 October/ Stuff] Rabobank said China’s incapability to produce enough milk for its domestic market means the nation will rely on imports, mainly from New Zealand and Australia. This year, China has imported 13 percent more dairy products compared to the prior year. Rabobank forecasts a farmgate milk price of $6.50 per kilogram of milk...

Alliance plans capital spending of $54m

[9 October/ Otago Daily Times] Alliance Group is investing $54 million in capital expenditure over the next year. Chief Executive David Surveyor said the business strategy success meant Alliance was in a position to reinvest to continue to build the company’s operational performance. Also, the company would have a bonus share issue and increase farmer...

Miraka farmers lift milk quality

[10 October/ Rural News Group] Miraka dairy company said milk from coming from Miraka suppliers has improved due to an incentive scheme. The incentive scheme, Te Ara Miraka, ensures Taupo-based Miraka suppliers produce better quality milk and adopt best-practice systems. Miraka’s Milk Supply Manager, Grant Jackson, said only four suppliers are not in the scheme;...

Dairy auction prices at six-month low

[4 October/ Radio New Zealand] Prices fell in the global dairy auction to their lowest average in six months. The average price dropped by 2.4 percent in the fortnightly auction to $US3223 per tonne. Butter prices decreased 3.6 percent from its record high to $US5837 a tonne. Whole milk powder prices also fell by 2.7...

Block of butter listed on TradeMe in protest of Fonterra CEO’s pay packet

[4 October/ Stuff] Palmerston North Historian Dr Janine Cook has auctioned a block of butter on TradeMe as a protest against Fonterra CEO Theo Spierings’ pay packet. The auction asks bidders to bid on the quality art, which has a gold wrapper that evokes the timeless theme of human greed and the transformation of a...

Westland Milk shareholders approve plans to shrink board

[5 October/ New Zealand Herald] Westland Milk Products shareholders have voted 93.5 percent in favour of a proposal to decrease Westland Milk Products’ board and overhaul the selection process for new directors. The board will decrease from 11 members to eight and those elected by shareholders will reduce from eight to five. The three remaining...

Westland Milk vows to up game

[2 October/ New Zealand Herald] Westland Milk Products achieved a profit turnaround and promised its shareholders it would perform better this dairy season. The Co-operative also confirmed its target forecast payout range of $6.40-$6.80. Westland Milk Products payout of $3.88 per kilogram of milk solids to farmers was the lowest in New Zealand in the...

A2, Synlait boosted by China export registration

[2 October/New Zealand Herald] A2 Milk’s shares reached a new high, increasing 6.5 percent to $6.95. Synlait rose 7.3 percent to $6.29, gaining 88 percent this year. This is due to A2 Milk gaining export registration from the China Food and Drug Administration (CFDA) to allow increased exports of its China label infant formula. A2...

Fonterra Clandeboye cheese plant fills half available jobs

[29 September/ New Zealand Herald] Fonterra Clandeboye welcomed 50 new staff members last week, filling half of the vacancies in its new mozzarella cheese plant. A further 50 jobs are yet to be filled. The new staff members joined as operators and would work in existing facilities before moving to the new plant in 2018....

Synlait, A2 Milk shares hit record high

[29 September/New Zealand Herald] The S&P/NZX 50 Index dipped 0.16 points, or 0.002 percent, to 7913.62. Within the index, 26 stocks fell, 19 increased, and five were unchanged. Turnover was $204 million. Synlait Milk and A2 Milk broke records on regulatory approval to retain Chinese market access for infant formula next year. Synlait Milk rose...

Spierings pay lower than peers’ earnings

[29 September/ Farmers Weekly] During the 2017 financial year, Fonterra Chief Executive Theo Spierings received $8.3 million in salary, superannuation benefits and performance pay during the 2017 financial year. His total remuneration was equivalent to $800 for each of the 10,267 supply farms. Chairman John Wilson said it was the right number to reward the...

Westland Milk Products on road to recovery but not yet ‘industry competitive’

[28 September/ New Zealand Herald] Westland Milk Products reported a $29,000 profit before tax for the last financial year, following a $14.5 million after-tax loss the previous year. Westland Milk said it is still not industry competitive, and also announced a forecast payout for the current season of $6.40 to $6.80 per kilo of milk...