PWC to take 5% buy-in to WEL

Primary Wool Co-operative (PWC) is to take a 5% shareholding in Wool Equities Ltd (WEL) in a move which they believe could be a start of consolidation of the industry.

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  • Challenge boosts protection of biological heritage

    The Government has announced a $25.8 million funding boost for biodiversity and biosecurity.

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  • Manfeild Park calf sale August 28

    220 good quality calves were offered at Manfield Park on Thursday, with prices remaining steady and generally on a par with Monday’s sale.

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  • Feilding sale August 29

    Lack of fresh grass is becoming an issue around Manawatu and most are calling for a shower of rain. This was felt in the pens of ewes with lambs at foot at Feilding on Friday, as they eased back from recent levels.

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  • No excuse now

    The right kit, the right market conditions, and high-quality supply mean there will be no excuses for Fonterra’s executive not to deliver higher dividends and milk prices to its shareholders.

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Top two inches the key

It is often said that New Zealand’s fortune lies in its top two inches of soil.

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Kidd breaks Northern YFC drought

Northern finally has its first Young Farmers Contest winner in David Kidd. The Kaipara farmer spoke to Hugh Stringleman.

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Majestic views and picket fences

Bush-clad mountains shouldering the Southern Alps are a majestic backdrop to the fertile flats of Harihari on the West Coast where a 154ha dairy farm is for sale at $3 million including Westland Milk Products' shares.

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  • Fonterra to offer lower than forecast WMP and SMP at September 2 GDT

    Fonterra's offerings at the upcoming August 19 GlobalDairyTrade auction will be lower than forecast for milk powders, while anhydrous milkfat volumes remain the same as forecast.

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  • European Commission announces emergency market support measures for the milk sector

    The European Commission has announced today that it will open Private Storage Aid for butter, Skimmed Milk Powder (SMP) and certain cheeses in order to alleviate the impact of Russian restrictions on imports of EU dairy products and to limit the negative effects on the internal market. The Commission has also confirmed that the period for public intervention of butter & SMP will be extended until the end of the year.

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  • FrieslandCampina: Revenue grows; profit down due to strong euro and market conditions

    In the first half of 2014 the revenue of Royal FrieslandCampina N.V. rose by 3.5 percent to 5,713 million euro. Organic revenue growth amounted to 5.0 percent. Higher sales prices contributed towards the revenue growth. The most robust growth was achieved in China, Hong Kong and the Philippines. The sales volume of infant nutrition increased. Sales volumes of dairy-based beverages, cheese and ingredients decreased due to unfavourable market conditions in Europe, Indonesia and Vietnam. Exports of cheese to Russia also decreased. Profit fell by 60 million euro (36.6 percent) to 104 million euro due to a negative currency translation effect amounting to 44 million euro and pressure on margins for commodities. The pro-forma milk price over the first half of 2014 totalled 44.19 euro per 100 kilos of milk.

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  • The a2 Milk Company releases FY14 annual results

    The a2 Milk Company (a2MC) has had a strong year and continued to progress its growth initiatives, during what has been a challenging FY14. This included significant competitor activity in our core Australian market, regulatory interruptions to our infant formula growth plans in Asia and taking full control of the former joint venture business in the UK.

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