Posts tagged "Open Country Dairy"

Synlait signs up first Waikato-based milk suppliers

[17 December/Dairy News] Listed milk processor Synlait has announced that it has signed up its first Waikato dairy farmers to supply the company’s new Pokeno plant from 2019/20 season. Synlait’s entry into Waikato region provides suppliers of Fonterra and Open Country Dairy, who have dominated the milk supply base in the dairy heartland, with another...

OCD offers fixed milk price

[15 February/Dairy News] Open Country Dairy, New Zealand’s second largest milk company announced that they are offering suppliers a fixed milk price of $6.05/kgMS for the next milking season. OCD’s Chief Executive, Steve Koekemoer, has told suppliers that the reason for this decision is to remove price volatility where possible. Mr Koekemoer added that the...

Is the 20-year white gold rush over for dairy industry

[25 January/NZ Herald] Chairman of New Zealand’s second largest dairy processor, Open Country Dairy, Laurie Margrain said that the company believes milk production growth in New Zealand has peaked and that they do not believe overall milk production would rise much beyond what it is today.  Mr Margrain said that while there will always be...

New Zealand’s rampant dairy growth drawing to a close: Rabobank

[15 August/Stuff: NZ Farmer] A new report from Rabobank New Zealand, Survive or Thrive, says the runaway growth of New Zealand’s dairy industry over the last 20 years will soon come to a standstill as environmental limits are reached. There has already been a marked slowdown in farm conversions and expansion of existing platforms which...

Open Country Dairy lifts forecast on back of better market prices

 [2 December/ Business Day: NZ Farmer] Open Country Dairy has increased its full year average milk price forecast from between $4.25 and $4.45 per kilogram of milk solids to between $5.60 and $5.90 per kilogram of milk solids. The company said in an email to suppliers that improving market conditions in the past months had...

Open Country milk forecast improves

 [9 September/ Business Day: NZ Farmer] Open Country Dairy has increased its milk price forecast for the 2016-17 season from between $4.25 and $4.45 per kilogram of milk solids to between $4.60 and $4.90 per kilogram. The company said in a letter that while market indications were more positive than last season due to decreasing...

Open Country milk payout under pressure

[28 July/ Business Day: NZ Farmer] Open Country Dairy Chairman, Laurie Margrain said the company’s new season milk price guidance remained unchanged at between $4.25 and $4.45 per kilogram of milk solids, but the outlook was for downward pressure rather than an improvement. Mr Margrain explained that the downward pressure would come from the strong...

Latest drop last straw for some – Fed Farmers

[28 January/ Radio NZ Rural] Federated Farmers Dairy Chairperson, Andrew Hoggard said the cut in Fonterra’s forecast payout is likely to push more people out of the dairy industry. Open Country Dairy and Westland Milk Products also dropped their prices close to $4 per kilogram of milk solids in the past few weeks. Mr Hoggard...

Dairy prices stuck

[25 January/ NZ Farmer Weekly] Federated Farmers Dairy Chairman, Andrew Hoggard said the two disappointing GlobalDairyTrade auction results in January raised the probability that Fonterra will reduce its forecasted payout. Mr Hoggard said the co-operative should not delay its announcement so the industry know the true picture. ANZ Bank Rural Economist, Con Williams said the...

Open Country Dairy cuts milk payout below Fonterra’s forecast

[18 January/ NZ Herald] Open Country Dairy has reduced its milk payout range by 30 cents, to a price between $4.00 and $4.30 per kilo of milksolids. Open Country Dairy Chairman, Laurie Margrain, said the revision reflected the company’s view on the market. ANZ Bank said the move highlighted the direction of risk in the...

Call for tighter animal welfare rules

[30 November/ Radio NZ Rural] Federated Farmers Dairy Chairman, Andrew Hoggard said the dairy industry needs to step up, while Fonterra and Open Country Dairy needed to tighten animal welfare rules for bobby calves. Mr Hoggard said that supplier handbooks needed updating to ensure they are not misread. Mr Hoggard said that the way the...

Dairy firm cuts forecast farmgate price

[21 July/ Radio NZ Rural] Open Country Dairy has dropped its forecast farmgate milk price to below $4 per kilogram of milk solids. Open Country Dairy Chair, Laurie Margrain said the lowered price reflected the company’s outlook in terms of exchange rate, foreign currency, contract positions, and sale prices in the market place. Mr Margrain...

Opening of Yashili’s $212 million plant delayed

[20 April/ Business Day: NZ Farmer] The $212 million Yashili International Holdings infant formula plant, in Pokeno, has been hit by an eight month delay as approval is needed for complex Chinese food safety regulations. The plant also needs to complete its New Zealand registration for canning and blending, which it hopes to have by...

Waikato expansion likely for Open Country Dairy

[13 March/ Business Day] Open Country Dairy’s decision on a further plant expansion is near, with the company making its major capital investment decisions around May every year. The Waikato region is believed to be on the directors’ minds. The company, with a processing volume of 1.45 billion litres a year, has three fully booked...

Disbelief as milk forecast drops again

[11 November/ NZ Farmer] New Zealand’s second biggest milk processor, Open Country Dairy has told farmers to prepare for a reduced payout in the $4.70 to $4.90 range, while Canterbury processor, Synlait is forecasting a payout of $5.00 per kilogram. On a trade-weighted basis, the GlobalDairyTrade price index dropped 0.3 percent, with volume reducing from...

Singapore state set to take control of commodities trader Olam

 [31 March/ The National Business Review] The Singapore Government’s sovereign wealth fund, Temasek Holdings is expected to gain a more direct control of New Zealand agribusiness interests with its takeover of one of world’s top commodities companies, Olam International (valued at NZD2.3 billion). Olam International has a large shareholding in Open Country Dairy, made a...

Open Country Dairy looks ahead with caution

 [17 February/ National Business Review] In releasing its annual report for the 14 month period to 30 September 2013, Open Country Dairy has noted its confidence in maintaining a competitive payout to suppliers this season but is sounding a word of caution over product prices.  The report notes that pricing has been extremely strong at...

Talley’s to lift stake in Open Country Dairy

[24 December/ NZ Herald] Talley’s Group, the family owned producer and processor of a wide range of primary products, has announced that it has agreed to buy up to 14.99% of Open Country Dairy from Singapore’s Olam International for as much as $46.5 million.  The deal could lift the Group’s interest in OCD to as...

Five iwi buy biggest Hauraki Plains dairy farms

 [26 November/ Radio New Zealand Rural] The Pouarua Dairy Complex in the Hauraki Plains has been bought by five Hauraki iwi. The dairy operation is the largest of its kind in the area with the Crown advancing the Hauraki Collective $53 million to enable them to buy the farms as part of a Treaty of...

Dairy factory’s expansion reaches next stage

 [18 November/ Business Day] Construction has commenced on the third stage of the multimillion dollar expansion of Open Country Dairy’s Awarua plant in the South Island. A new dryer will be operational upon completion of the project, which is taking place in four stages. Building consents at Invercargill City Council are now set to include...