Food and fibre produced by our primary industries continue to underpin the NZ economy. The latest Situation and Outlook report from MPI (click on the link to read to 154 pages!) shows that $52.2 billion and 81.8% of our export revenue is contributed by the primary sector. Contrary to what some people think the other sectors of the economy have not been catching up - in fact for nine out of the past...
We keep a regular tab on what's happening within Fonterra payout. Today they announced earnings for the year but the two numbers that mean most to farmer shareholders and sharemilkers are the final payout for the 2020/21 season and forecast for 2021/22
The latest Fonterra Global Dairy Auction on 16th December saw the overall GDT index rise by 1.3%. This followed a 4.3% jump two weeks earlier. The keystone product that determines Farmgate Milk Price is Whole Milk Powder, and this lifted a further 0.5% to US$3210/ tonne. The last time WMP was above $3200/tonne were the short-lived peaks in both January 2020 and July 2020. This rising GDT price...
A very good profit announcement for Fonterra today reversing a big loss last year into a gain - around a $1 Billion shift - and at the same time paying down $1 Billion of debt. This should give farmer shareholders a lot of comfort given the testing times for other business sectors. We've been tracking Fonterra Payout since 1999. The pic below shows the trend over this time. While we well remember the...
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