Fonterra Australia chief: All bets off

Fonterra Australia chief: All bets off

Fonterra Australia CEO Rene Dedoncker said the cooperative has put its plans for an IPO or outright sale of Fonterra’s Australian business on hold. Speaking at a breakfast briefing, the Dedoncker said volatile economic conditions and the recent downturn in the local...
Australian milk prices push higher

Australian milk prices push higher

Prices are being pushed to record highs by processors trying to secure supply for next season. Bega is the latest processor to hike prices. In a letter to suppliers, Bega confirmed a forecast price of $9.10kgMS, up from $8.80kgMS. Bega suppliers in Northern Victoria...
Fonterra Australia chief: All bets off

Energy crisis could hit food production

Industry bodies are warning rising energy prices could slow food and fibre production, exacerbating the impact of fertiliser shortages and increase input costs. Gas and electricity prices are being pushed up across Australia due to a combination of increased...
Australian milk prices push higher

Processors adjust farmgate prices

Following the flurry of price announcements in the lead up to 1 June, processors continue to adjust their 2022/23 farmgate price offers. Bulla lifted its opening forecast price range to $9.30kgMS to $9.50kgMS, while Saputo raised its opening price to $8.80kgMS, up...
Australian milk prices push higher

Rabobank warns of price dip

Rabobank expects global dairy commodity prices to fall later this year despite higher farmgate milk prices across the globe failing to deliver more milk. Inflationary pressure and weather setbacks hinder dairy farm output, meaning for the first time for a decade milk...
Fonterra Australia chief: All bets off

ABARES tips 4th biggest winter crop

The Australian Bureau of Agricultural Resources Economics and Sciences (ABARES) is forecasting a winter crop of 50.9mt, the fourth biggest winter crop on record for Australia. ABARES tips 23.4m ha planted, slightly down on last season’s record but still ahead of...