Sentences with phrase «dairy prices tumbled»
Economists have pared back their forecasts for Fonterra Cooperative Group's milk payout to its farmer shareholders for the current season after dairy prices tumbled in the overnight GlobalDairyTrade auction.
http://edairynews.com/ Not exact matches
In the past 12 months, the price of global dairy commodities has tumbled 45 per cent, compared with Murray Goulburn's cut to the farm gate price of as much as 15 per cent.
Fonterra, the world's biggest dairy exporter, has more than doubled its net profit despite tumbling global milk prices.
Profits have tumbled since 2011 as the company battled a high Australian dollar, lower international dairy prices and met fierce local competition as rival Murray Goulburn aggressively chased milk supply.
International dairy prices have taken another tumble at the latest Fonterra auction, dropping to their lowest level so far this year.