News | Rural
8 Nov 2024 1:06
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    Bad news for dairy farmers that's likely to have ramifications across rural New Zealand

    Bad news for dairy farmers that's likely to have ramifications across rural New Zealand


    Fonterra
    Fonterra
    Fonterra has revised down its forecast Farmgate Milk Price -- reducing the midpoint by 20 cents, to eight-dollars-30 per KG of milk solids.

    It comes ahead of another expected rise to the Official Cash Rate on Wednesday.

    The Country's Jamie McKay says with a lower pay-out, and rising costs and interest rates, many farmers will no longer be making money.

    He says it's going to be a tough winter -- with rural towns and businesses hit the hardest, as farmers reduce their spending.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     06 Nov: Some good news for dairy farmers in today's Global Dairy Trade auction
     22 Oct: A big player in the dairy industry both in New Zealand and abroad, Theo Spierings , has died
     30 Sep: Fonterra is being sued - accused of greenwashing
     30 Sep: Fonterra's released its latest revised strategy, that will see it focus on selling ingredients to businesses, rather than finished food products to consumers
     25 Sep: Things are looking on the up for the dairy sector
     25 Sep: Christmas is coming early for dairy farmers
     18 Sep: Fonterra is investing 150-million-dollars into a new cool store at its Whareroa site in Taranaki
     Top Stories

    RUGBY RUGBY
    Ireland coach Andy Farrell has put the heartbreak of last year's World Cup quarter-final out of his mind ahead of a rematch against the All Blacks on Saturday morning More...


    BUSINESS BUSINESS
    A third Christchurch-based bid for an NRL franchise license has been launched, valued at 360 million dollars More...



     Today's News

    Motoring:
    In basketball's NBA, the Cleveland Cavaliers have set a franchise record in going unbeaten through their first nine games of the season, after downing the Pelicans on the road 21:57

    Entertainment:
    Dolly Parton wants the royal family to visit Dollywood 21:55

    Entertainment:
    Sarah, Duchess of York and her daughters Princesses Beatrice and Eugenie call themselves "the tripod" 21:25

    Accident and Emergency:
    Three people have been injured - one seriously - after a two vehicle crash on Pyes Pa Road, between Tauranga and Rotorua, about 2.40pm 21:17

    International:
    Germany in political disarray after ruling coalition collapses hours after US election 21:07

    Entertainment:
    Holly Madison has claimed Pamela Anderson was standoffish with the other Playboy Bunnies in the company of Hugh Hefner 20:55

    Entertainment:
    Amanda Seyfried says moving out of Los Angeles was "essential for my mental health" 20:25

    Entertainment:
    Ariana Grande wanted to "honour" her younger self with her credit in 'Wicked' 19:55

    International:
    Donald Trump is the first convicted felon to be president of the United States and his re-election could thwart further criminal cases against him 19:27

    Entertainment:
    Selena Gomez says it's been a "challenge" for people to "accept" that she has "moved on" with her career 19:25


     News Search






    Power Search


    © 2024 New Zealand City Ltd