News | Business
18 Apr 2024 16:31
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 > Business

    Concern for farmer suppliers, as Synlait Milk grapples with financial difficulties

    Concern for farmer suppliers, as Synlait Milk grapples with financial difficulties


    Fonterra
    Fonterra
    The Canterbury-based milk processor has signalled a potential net loss between 17and 21-million dollars in its half year results.

    The company recorded a net profit of four-point-eight million dollars in the same period last year.

    Ashburton-based Synlait supplier Willy Leferink says they're paying out at four-dollars seventy-five, with cost of production around six dollars.

    He says due to their financial woes, Synlait is paying a dollar less than Fonterra.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     17 Apr: Inflation is slowing, but many New Zealanders are still getting poorer
     17 Apr: Lower interest rates still look like a distant prospect in the eyes of our largest bank
     17 Apr: Domestic airfares have been ranked New Zealand's least competitive market; trailing supermarkets, banks and fuel companies
     17 Apr: Fire fighters are attending a commercial building fire in Christchurch's Prebbleton
     16 Apr: Spire collapses after fire breaks out at Copenhagen's 17th-century Old Stock Exchange
     Top Stories

    RUGBY RUGBY
    Former Australian Diamonds coach Lisa Alexander reckons New Zealand should only enter two teams, should they merge into the Super Netball domestic competition More...


    BUSINESS BUSINESS
    The Reserve Bank may have to make some unpopular decisions More...



     Today's News

    Rugby:
    Former Australian Diamonds coach Lisa Alexander reckons New Zealand should only enter two teams, should they merge into the Super Netball domestic competition 16:17

    Soccer:
    Wellington Phoenix coach Giancarlo Italiano intends to slowly ramp up striker Oskar Zawada's minutes as he miraculously returns from a season-ending injury 16:17

    Law and Order:
    A man's critically injured after an assault involving a group of young people in Waipukurau late last night 16:17

    Entertainment:
    OJ Simpson was planning to sign memorabilia days before his cancer death 16:10

    Entertainment:
    OJ Simpson is estimated to have died with a net worth of $3 million 15:40

    Politics:
    Mayor Wayne Brown says he's not convinced rules on earthquake-prone buildings should apply to Auckland, but he welcomes the Government bringing forward a review 15:27

    Entertainment:
    Prince Harry is reportedly planning to return to the UK next month 15:10

    Rugby League:
    Squash ace Joelle King is adamant her career is far from over despite a lengthy absence from the court 14:57

    Entertainment:
    Courtney Love has dec lared Taylor Swift is not "interesting" or "important" 14:40

    Basketball:
    The Philadelphia 76ers have edged the Miami Heat 105-104 in the NBA play-in to confirm themselves as the eastern conference's seventh seed in the playoffs 14:27


     News Search






    Power Search


    © 2024 New Zealand City Ltd