Don't cry over spilt milk - its all to do wth the elections...

Image via Wikipedia
Farmers cry foul over milk price freeze...


Federated Farmers claim they're having to foot the bill for the move to freeze wholesale milk prices in New Zealand


Federated Farmers is crying foul over Fonterra's decision to freeze wholesale milk prices for the rest of the year.

The dairy giant made the decision after a week of public scrutiny at how much the price of milk is hitting consumers in the pocket.

But Federated Farmers dairy spokesperson Lachlan McKenzie says the news that farmer-shareholders would foot the bill came as a surprise to him.

"We seem to now have a desire for a small sector of 10,000 people to subsidise food for the other 4.5 million people" he told Newstalk ZB.

Mr McKenzie says some serious questions need to be asked as to why the supermarkets haven't had the same pressure.

Its all to do with the coming elections you thick headed  farmers! Do you want price controls?


Acknowledgement© 2011 NZCity, NewsTalkZB

Related articles

• Bank the gains, budget conservatively (homepaddock.wordpress.com)
• Fonterra's forecast payout up 30 cents (homepaddock.wordpress.com)
• Rising Milk Prices Are 'New Normal,' Fonterra Says (businessweek.com)
• Fonterra Picks NetCharts Performance Dashboards to Help Improve Business Performance (prnewswire.com)
• Good for economy hard for consumers (homepaddock.wordpress.com)
• Dairy price up again (homepaddock.wordpress.com)
• N.Z. Dairy Farms May Face New Drought, Minister Says (businessweek.com)
• Trial set for June in lawsuit over milk prices (knoxnews.com)

Fonterra claims about milk prices are exaggerated

Image via Wikipedia

Fonterra claims raw material costs lifting milk price - these are exaggerated.

 .
Fonterra says milk prices are a result of increasing global commodity prices leading to a rise in raw material costs for all diary manufacturers, following outrage from health authorities about milk price

Fonterra is responding to claims it should drop the price of milk.

Northland health authorities claim it is a national outrage that a country that produces 15 billion litres of milk a year cannot supply cheap milk to the domestic market.

But Fonterra's managing director Peter McClure says prices are a result of increasing global commodity prices, leading to a rise in raw material costs for all diary manufacturers.

He says despite trying to absorb as much of these increased costs as possible, the company is continually facing tight margins, with costs going up between 30% and 150% over the last year.

Peter McClure says the final price is set by the supermarkets.


KR says:  Was he talking about the price of grass in NZ? McClure was talking through an orifice in his posterior. If Fonterra and the farmers were not so damn greedy and had some consideration for the average New Zealander, some consideration could be given to a domestic market price for dairy products, especially milk.Domestic  prices are set by how much the overseas market price is set - prices increase by how much they can get on overseas markets.

Acknowledgements: © 2011 NZCity, NewsTalkZB

Related articles

• Rising Milk Prices Are 'New Normal,' Fonterra Says (businessweek.com)
• Fonterra's forecast payout up 30 cents (homepaddock.wordpress.com)
• Fonterra Picks NetCharts Performance Dashboards to Help Improve Business Performance (prnewswire.com)
• Surging Milk Prices Add to Case for N.Z. Commodity-Led Recovery (businessweek.com)
• Price of milk not the problem (homepaddock.wordpress.com)
• PRESS DIGEST-New Zealand newspapers (reuters.com)
• High dollar stops increase in Fonterra payout (homepaddock.wordpress.com)
• Good for economy hard for consumers (homepaddock.wordpress.com)
• Dairy price up again (homepaddock.wordpress.com)
• More Interface Excitement: NetCharts Snags Fonterra (arnoldit.com)