Westland Milk cuts payout further as dairy prices fall – Suze Metherell:
(BusinessDesk) – Westland Milk Products, New Zealand’s second-largest dairy cooperative, cut its forecast milk payout to farmers by 10 cents for the current season and for next season’s by $1, in the face of sustained weakness in global dairy prices.
The Hokitika-based company will pay $4.80 to $4.90 per kilogram of milk solids for the 2014/15 season, with the final payout to be determined at the September board meeting, it said in a statement. The forecast payout for the 2015/16 season was slashed to between $4.60 and $5/kgMS, from a previously band of $5.60 to $6/kgMS.
The advance rate for this season remains at $4.80/kgMS, although the 2015/16 season rate was revised to $3.80/kgMS from $4.40/kgMS. . .
Light at the end of the paddock for dairy farmers – Jason Walls:
The New Zealand dollar is poised to shed more value against the US by the start of next year and dairy prices may only be at the current level temporarily.
This is good news for farmers, says ASB Bank rural economist Nathan Penny, who forecasts the New Zealand dollar will be at 61c against the US by the beginning of 2016.
He says the one of the biggest factors to this will be the US interest rate hike later this year. . .
Good evening. Thank you Julian Raine, Horticulture New Zealand President, for that introduction. It is a pleasure to join you this evening in recognising excellence and future leaders of the horticulture industry.
I would particularly like to acknowledge outgoing Chief Executive Peter Silcock for all his contribution to the industry over the past 30 years.
Tonight I want to talk to you briefly about the long-term value that can be created by recognising talent and growing leaders.
A growing industry
Horticulture is a top performing primary industry. In the year to June 2015, export revenue reached $3.897 billion. This is up $602 million from 2012, a total of over 18 percent growth over four years. . .
Dairy Women’s Network has received feedback on how its latest professional development offering is being perceived by its members – with impressive results.
The network launched its new Dairy Modules programme for the first time in November 2014 and has since had the programme evaluated by the renowned Net Promoter Score system, confirming world class standard. . .
A great win for Mark Langlands from Te Kairanga as he becomes the Bayer Wairarapa Young Viticulturist of the Year 2015. Contestants battled it out at Te Kairanga Vineyard with their final challenge being to deliver a speech to a key audience in the evening at the Martinborough Village Cafe.
Contestants completed a wide range of activities including questions on trellising, vine management, pests & diseases, budgeting, tractor maintenance and irrigation as well as having an interview and a quick fire buzzer round. . .
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that despite a slightly stronger New Zealand dollar wool prices were firm to slightly dearer. With less wool available due to weather affecting shearing and vacation related shipping requirements this has helped underpin prices.
The weighted indicator for the main trading currencies increased 0.99 percent week on week.
Of the 7,905 bales on offer 96.2 percent sold. . .
Luxury merino fashion brand PERRIAM has been selected for a special showcase on wool in fashion at the prestigious New Zealand Fashion Week (NZFW) in August.
PERRIAM is among some of the country’s iconic labels chosen for the Choose Wool show, taking to the runway with Sabatini, twenty-seven names, Tanya Carlson, Hailwood, Liz Mitchell and Wynn Hamlyn on Tuesday, August 25.
Curated by leading Kiwi stylist Anna Caselberg, who is known for her work with NZ wools, Choose Wool represents an important aspect of the NZ fashion industry. . .