Fonterra Will Spend Up To $50 Million Buying Back Its Shares Over The Coming Year To Support Their Value
Fonterra will spend up to $50 million buying back its shares over the coming year to support their value. The co-op says it planned to acquire as many as 77 million shares or up to 5% of those on issue. Fonterra undertook a similar $50 million buyback last year,...
North Island Maize Growers Say This Season Has Been One To Forget, And For Some It A Financial Disaster – Jamie Blennerhassett Joins Mark Leishman On Round Up
North Island maize growers say this season has been one to forget, and for some it a financial disaster. The latest Arable Industry Marketing Initiative or AIMI report estimates a maize grain harvest of 164,400 tonnes, down 13% on 2022. Fed farmers Arable Industry...
Westpac Agri Economist Nathan Penny Is Generally One Of The More Optimistic Forecasters But The Ongoing Sluggishness Of The Chinese Recovery Is Causing Concern
Westpac agri economist Nathan Penny is generally one of the more optimistic forecasters but the ongoing sluggishness of the Chinese recovery is causing concern. And it has resulted in Westpac lowering its 2023/24 milk price forecast to $7.80/kg. Nathan Penny says for...
New Zealand Emissions Trading Scheme Units Have Jumped To $65 After The Government Lifted Auction Prices And Reduced The Number Of Available Units
New Zealand Emissions Trading Scheme units have jumped to $65 after the Government lifted auction prices and reduced the number of available units. Units had been trading on the secondary market at just $45 on Tuesday, and had fallen as low as $36.50 earlier in July....
Carpet Maker Bremworth Is Offering Staff At Its Cyclone-Damaged Napier Factory The Option Of Voluntary Redundancy Or Redeployment To Its Whanganui Plant
Carpet maker Bremworth is offering staff at its cyclone-damaged Napier factory the option of voluntary redundancy or redeployment to its Whanganui plant. Bremworth’s yarn spinning plant in Napier’s Awatoto industrial area was damaged by flooding from Cyclone Gabrielle...
Some Farmers Could Struggle To Break Even At The Current Milk Price Forecast For The Dairy Sector
Some farmers could struggle to break even at the current milk price forecast for the dairy sector. DairyNZ’s head of economics, Mark Storey says rampant inflation and high interest rates have seen total expenses increase on average by 33% over the past three years and...
For Many North Island Maize Growers The 2022/23 Season Has Been One To Forget, And For Some It Has Been A Financial Disaster
For many North Island maize growers the 2022/23 season has been one to forget, and for some it has been a financial disaster. The latest Arable Industry Marketing Initiative or AIMI report estimates a maize grain harvest of 164,400 tonnes, which is 13% down on 2022,...
Former Speaker Of The House Sir Lockwood Smith Is The New Board Chairman Of The Riddet Institute
Former Speaker of the House Sir Lockwood Smith is the new board chairman of the Riddet Institute. He replaces Stuart McCutcheon, who died earlier this year. The Riddet Institute is a centre of research is hosted by Massey University in Palmerston North and focuses on...
Beef + Lamb New Zealand Says The Government Must Enable Farmers To Adopt A Flexible Commonsense Approach To Managing The Exclusion Of Beef Cattle And Deer From Waterways
The Government must enable farmers to adopt a flexible commonsense approach to managing the exclusion of beef cattle and deer from waterways, says Beef + Lamb New Zealand. The three organisations want the Government to work with the sector on a fair and workable...