News | Business
2 Dec 2021 23:35
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Farmers are set to receive one of the largest payouts in Fonterra's history

    Farmers are set to receive one of the largest payouts in Fonterra's history


    Fonterra
    Fonterra
    The dairy giant has increased its forecast farmgate milk price -- with the mid-point now 8-dollars-40 per kilogram of milk solids, the highest equal paid by the co-op.

    Fonterra CEO Miles Hurrell says it's a result of continued demand for New Zealand dairy, relative to supply.

    He says demand from China's eased over the past couple of months, but other regions have stepped in.

    And global milk supply's forecast to be lower than average, driven by a slowdown in US production due to expensive feed.

    © 2021 Newstalk ZB, NZCity

     Other Business News
     02 Dec: New Zealand cows produced record milk volumes last season ... even though there were fewer in the paddocks
     02 Dec: Swedish furniture and homeware giant Ikea is opening at Sylvia Park in Auckland
     02 Dec: A political marketing expert says it'll be a problem for Chris Luxon if he just focuses on business
     02 Dec: Rural hospitals are gearing up for increased demand this summer
     01 Dec: Wellington's Mayor says he wonders if runaway housing prices may start slowing
     01 Dec: High inflation could stick around for years
     01 Dec: The emergence of another Covid-19 variant is expected to mean a rockier recovery for our economy
     Top Stories

    RUGBY RUGBY
    Sky Stadium's boss is up for the challenge of a football feast at his venue in 2023 More...


    BUSINESS BUSINESS
    New Zealand cows produced record milk volumes last season ... even though there were fewer in the paddocks More...



     Today's News

    Politics:
    A Northland Iwi says it's been left in the dark on plans for the region's Covid-19 border 21:53

    Entertainment:
    Danielle Lloyd is open to having a sixth child 21:31

    Health & Safety:
    A case of Covid-19 has been detected in Whitianga 21:13

    International:
    Brené Brown explains the misconception around feelings of guilt and shame 21:03

    Entertainment:
    Cate Blanchett is "absolutely chuffed" to be Adele’s fashion muse 21:01

    Entertainment:
    Iron Maiden have teamed up with Marvel on an exclusive merchandise collection based around their mascot Eddie 20:31

    Entertainment:
    Aaron Carter has reportedly split from his fiancée Melanie Martin, just a week after they became parents 20:01

    Tennis:
    WTA suspends China and Hong Kong tournaments over Peng Shuai concerns 19:43

    Entertainment:
    Adele has announced a Las Vegas residency at the Colosseum inside the world-famous Caesars Palace Hotel 19:31

    Entertainment:
    Millie Mackintosh has given birth to her second child with Hugo Taylor 19:01


     News Search






    Power Search


    © 2021 New Zealand City Ltd