PHOTO: THE NEW ZEALAND HERALDScrutiny from farmers is expected next week when new chairman John Monaghan and recently appointed interim chief executive Miles Hurrell front Fonterra's 2017-18 annual results presentation. Whole milk powder prices, a key determinant of the farm- gate milk price, had fallen 13% since the start of the present dairy season. The arrival of spring meant New Zealand milk production was beginning to ramp up. About 12% of this season's production would probably occur in September, meaning that by the end of this month, almost 20% of this season's milk production would likely have been collected. In line with that, there had been signs of PKE imports trending lower in recent months, Ms Boniface said.

Source: Otago Daily Times September 06, 2018 16:41 UTC