News

The latest news and updates in the rural and equestrian sector.

Livestock Exports

It seems the government  is close to making a decision on the future of livestock exports. It's nearly two years since a review of the trade was launched and Agriculture Minister Damien O'Connor says now that the MPI has provided its final advice to him, a paper is...

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Fonterra Lifted Forecast Farm Gate Milk Price

Fonterra has lifted its forecast farm gate milk price for the year to May 31, 2021 from $7.30 to $7.90 a kilogram of milk solids - up from $6.90 to $7.50. The midpoint range, which farmers are paid off, increased to $7.60. Chief executive Miles Hurrell says it is good...

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Dairy Company Synlait Milk

Dairy company Synlait Milk has withdrawn the earnings guidance it made two months ago as it continues to experience significant uncertainty and volatility within its business. The company's share price dropped nearly 12% to $3.40 in early trading on the NZX Thursday...

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Freight Industry

The road freight industry wants to know when truck drivers will receive the COVID-19 vaccine. Road Transport Forum chief executive Nick Leggett has wrote to Covid-19 Response Minister Chris Hipkins in January to enquire about vaccination prioritisation which...

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Land Rover Horse Of The Year

The cancellation of this year's Land Rover Horse of the Year will hurt Hawkes Bay businesses for months to come. The event's board of directors announced the cancellation of the 2021 event due to Covid-19 uncertainty. New Zealand's premier equestrian event was due to...

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Global Dairy Trade Auction

The eighth positive Global Dairy Trade auction in a row has seen overall prices lift by a whopping 15% and over the past three-months overall prices have bounced up by nearly 38% – 31.4% higher than a year ago. Butter prices, are now up more than 65% on their 2020 low...

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Harvest In Full Swing

Harvest is in full swing across the country, with rural contractors managing to get workers in the tractor driving seat, but in many cases the work hasn't been up to the necessary standard. Rural Contractors President David Kean says the organisation has done...

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