New Zealand dairy group Fonterra said on Thursday food and beverage giant Nestle will make additional payments to its farmers for achieving certain sustainability goals under a new agreement.
New Zealand is working on being the first country to rid itself of Mycoplasma bovis by killing up to 100,000 cows from its herd of 6.5 million dairy cattle and 3.5 million beef cattle.
New Zealand is working on being the first country to rid itself of Mycoplasma bovis by killing up to 100,000 cows from its herd of 6.5 million dairy cattle and 3.5 million beef cattle.
New Zealand, the world’s biggest dairy exporter, will spend more than NZ$880 million ($610 million) in a bid to eradicate the mycoplasma bovis cattle disease, Prime Minister Jacinda Ardern said on Monday.
Stay-at-home mother Anna Wei wanted the best milk formula to feed her firstborn, so she chose the most expensive brand her money could buy: Platinum by a2 Milk Company Ltd.
New Zealand dairy firm a2 Milk Company Ltd dashed market expectations on Wednesday with a forecast for annual revenue growth of more than 63 percent, sending its shares to a three-month low.
The world’s top dairy exporter, New Zealand’s Fonterra Co-operative Group Ltd, said on Tuesday that milk production in its home market fell 1 percent in March, pointing to support for global dairy prices.
Strong global demand snaps four consecutive price drops in the Global Dairy Trade Price Index which rose 2.7% fueled by weak New Zealand production which points to more price gains.
Global dairy prices dropped for a fourth consecutive time at a fortnightly auction on Wednesday as production in New Zealand showed signs of a potential turnaround after weak levels earlier in the season.
Word of Nestle SA’s arrival in a corner of China’s infant formula market sent a2 Milk Co.’s stock price tumbling 10 percent last week, enough for its second largest shareholder to jump back in.
New Zealand’s Synlait Milk on Wednesday reported record first-half net profit, helped by booming Chinese demand for infant formula from branding partner a2 Milk Company.
Fonterra said on Friday its domestic milk production in January had fallen 5 percent year-on-year, which could be seen as a boon for global dairy prices as New Zealand is the world’s largest dairy exporter.
