Pricing Pressures

The cooperative has announced it will work with Asset Match to provide a free trading system for members to deliver market-derived trading prices.

First Milk announces new member premium

By Jim Cornall

UK dairy cooperative First Milk has today announced a series of changes to its capital structure that will see the introduction of a ‘member premium’ in the form of a 13th payment to members from next year, as well as increased transparency in share trading...

Fonterra chief executive Miles Hurrell said global demand is not matching current increases in supply.

Fonterra drops farmgate milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$6.75 (US$4.37) per kgMS to a range of NZ$6.25-NZ$6.50 (US$4.05-US$4.21) per kgMS and increased its forecast New Zealand milk collection volumes...

The Canadian dairy industry employs more than 220,000 people and contributes about $20bn per year to Canada's GDP. Pic: ©GettyImages/constantinopris

updated

US and Canada dairy opinions differ on new trade deal

By Beth Newhart

The US has reached a new agreement with Canada following a year of trade negotiations. The US-Mexico-Canada Agreement (USMCA), which includes Mexico, replaces the North American Free Trade Agreement (NAFTA). But the terms have left the dairy industry...

The board has reduced the payout prediction for 2018-19 to NZ$6.50-NZ$6.90 (US4.32-US$4.58).

Westland Milk Products says milk payout ‘not competitive’

By Jim Cornall

New Zealand’s Westland Milk Products has reported a final milk payout of NZ$6.12 (US$4.06) per kilo of milk solids (kgMS), less a five cent retention, delivering a net average result for shareholders of NZ$6.07 (US$4.03) per kgMS.

The ZIsk app updates every 10 minutes and features customized alerts.

Zisk app launched for dairy farmers

By Jim Cornall

The number of dairy operations in the US has been declining over the past 20 years; the state of Wisconsin alone has lost more than 2,200 dairy farms in the past five years.

Fonterra CEO Miles Hurrell says the cooperative’s business performance must improve.

Fonterra looks for improvement after posting $196m loss

By Jim Cornall

New Zealand dairy cooperative Fonterra has announced its FY18 annual results, the plan to improve its business performance and the outlook for FY19, including a review of its investment with Chinese company Beingmate.

More than 30,000 farmers are represented by the ADC and are facing an employment crisis. Pic: ©GettyImages/pixinoo

American Dairy Coalition pushes for worker-vetting program

By Beth Newhart

The American Dairy Coalition (ADC) is encouraging US Congress to pass the AG and Legal Workforce Act (HR 6417), a federal, mandatory verification system to vet all temporary, non-immigrant agriculture workers.

The cooperative last considered the milk price in May.

Fonterra drops 2018/19 forecast milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$7.00 (US$4.66) per kgMS to NZ$6.75 (US$4.49) per kgMS.

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