Fonterra announced an increase of 13 cents a kilo of milk solids for suppliers in Victoria and Tasmania for the 09/10 season on Friday.
The company’s national milk service’s manager Heather Stacy said:
“This increase means that from next week our more than 1,300 suppliers in Victoria and Tasmania will start to receive an additional $15 million in their pockets,” said Ms Stacy.
“We recognise it has been a tough season for dairy farmers. We have been monitoring market conditions closely in order to pass through an improvement in prices as soon as it is responsible to do so.
“In this week’s Fonterra globalDairyTrade, prices for whole milk powder rose for the fourth consecutive month, reinforcing the positive signs of recovery in commodity markets after a year of unprecedented volatility,” said Ms Stacy.
“This has meant we are now in a position to pass on an increase in milk prices to our suppliers.
“We remain determined to reflect any further significant improvement in market conditions in our price later this season. In this regard, the strength of the Australian dollar is a major limitation on the opportunity for farmers to benefit further from improved commodity prices,” said Ms Stacy.
Fonterra has said it will make an announcement about the season’s payout for New Zealand suppliers this week.
That happens if there is to be a change of more than 30 cents and it is a fair bet any change is likely to be positive.
On September 6:
1522 The ship Victoria returned to Sanlúcar de Barrameda in Spain and became the first ship to circumnavigate the world.
Replica of the Victoria, built in 1992.
1620 The Pilgrims
set sail from Plymouth, England, on the Mayflower,
to settle in North America.
1948 New Zealand citizenship
was established by the British Nationality and New Zealand Citizenship Act. Before it came into force, people born in New Zealand were British subjects but not New Zealand citizens.
Sourced from Wikipedia & NZ History Online.
Phone calls to friends in Australia last night reinforced the tragic irony of toom little water in one area and too much in another.
A family in Victoria is waiting anxiously as fire, albeit slow burning, approaches one of their properties.
While other friends who farm in northern New South Wales are dealing with floods after several years battling the dry.
The ABC reports that these are drought breaking rains.
Further to the north and west in Bourke, authorities are tallying up the damage bill after three quarters of the towns annual rainfall came down in 15 hours on the weekend. This in a town that just recently saw an exodus of a fifth of its population because of the drought.
Our friends haven’t lost stock and are grateful the flooding round them is not nearly as bad as that in Quensland.
Thousands of kilometres away in Queensland, the towns of Normanton and Karumba have been cut off for six weeks and may have to tough it out for another month. Emergency services are ensuring people get the basics like food and medicine, but industries are struggling.
. . . In Karumba, businesses can’t get the goods they need to keep the local economy going and they’re warning job losses are on the way.
The local council estimates that stock losses may run to 100,000 and some graziers may have lost up to two years’ profits.
. . . Further up the river, people shifted 20,000 head out of the floodwaters and up onto higher ground. But then, a lot of that higher ground has gone underwater.
Today’s high temperatures, accompanied by strong winds, have set the fire danger on much of the east coast to extreme.
But in Australia it’s not just a risk, bush fires are raging across Victoria.
A friend whose house burned down years ago said the greatest loss was of photos and treasures, not necessarily valuable in a monetary way but because of personal associations.
However, those are only things and can’t be compared with loss of life and 76 people are now confirmed dead as a result of the Victorian fires.
Kevin Rudd said hell and its fury had been unleashed on the state.
At the same time, in a tragic irony, Queensland is under flood.
More than 60 per cent of Queensland is under water – 1 million square kilometers, or twice the area of Spain. Ingham has been hardest hit, with 2,900 homes damaged or flooded in a weekend storm and hundreds of people evacuated.
The main cities on northern Queensland’s coast, Townsville and Cairns, were flooded in January storms and are still receiving daily rain. The main highways to Townsville were cut off by water this week and some northern towns have been isolated for weeks.
The devastation is not restricted to property, three people are missing, including a five year old who it is feared was taken by a crocodile.