Mr Dedoncker acknowledged farmers had been leaving MG to supply competitors — in part because MG's opening price of $ 5.20 per kilogram of milk solids for 2017 - 18 was 30 cents below its main competitors in Fonterra, Warrnambool Milk & Cheese and Bega Cheese — but he said there was still synergistic value in some of its assets. (afr.com)
The world's biggest dairy exporter, New Zealand's Fonterra, has lifted its forecast farmgate milk price to a fresh record of $ NZ8.65 ($ 8) per kilogram of milk solids as demand for dairy commodities outstrips supply. (afr.com)
The world's biggest dairy exporter said on Wednesday that market conditions were «extraordinary» and it would slash its dividend by two - thirds to NZ10 cents and maintain its milk price at $ NZ8.30 per kilogram of milk solids rather pay the $ NZ9 ($ 8.33) per kilogram implied by international dairy prices. (afr.com)