Posts tagged "Open Country Dairy"

Fonterra farmers to get new milk price tool – but it will cost them

[15 May/The Country] Fonterra Co-operative Group will provide a new fixed milk price programme referenced to the NZX milk futures market for the imminent 2019-2020 dairy season. Farmers will be required to pay to participate with a service fee of 10c per kilogram of milksolids and will completely self-fund the programme, said Co-operative Affairs Managing...

New dairy channels signed up

[29 March/Farmers Weekly] Open Country Dairy (OCD) will sell its organic whole milk powder directly to Chinese consumers using QEX Logistics as its distributor. QEX Logistics assists with packaging, storing, customer’s clearance and delivery of product. QEX Logistics have recently signed a similar agreement with French dairy giant Danone. Meanwhile, Global Dairy Trade has signed...

Open Country challenges validity of Fonterra’s milk price

[18 February /NZ Herald] Open Country Dairy is questioning the way that Fonterra’s milk price was set in the 2018 season. This is despite the Commerce Commission accepting the price-setting process which must meet both efficiency and contestability elements required by law. Open Country Dairy is of the view that Fonterra’s asset beta was too...

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...