News | Rural
14 Aug 2020 17:00
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

    A weaker New Zealand dollar is a boon for farmers

    A weaker New Zealand dollar is a boon for farmers, offsetting recent drops in Fonterra's dairy payout


    Fonterra
    Fonterra
    ASB Rural Economist Nathan Penny says dairy production's also likely to be up over the season.

    Exporters have benefited from a fall in the dollar - from 74 US cents to 65 - this year.

    Penny says that'll make up for slightly lower dairy price - but things are still looking fine.

    He says they've forecast the payout will be six-dollars 50, which will mean the majority of farmers are still making money.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     17 Jul: Rapid gains in the New Zealand dollar have seen Fonterra trim its forecast payout by five cents for the recently completed season
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     Top Stories

    RUGBY RUGBY
    Seilala Mapusua's prepared for his first match as Samoan rugby coach to be next year More...


    BUSINESS BUSINESS
    The real estate sector will be all ears for the Covid-19 alert level announcement this afternoon More...



     Today's News

    Law and Order:
    A second person has been arrested in relation to an aggravated assault in Invercargill on July 30 16:57

    International:
    Apple removed Fortnite from its App Store and now they're being sued. Here's why 16:47

    International:
    Being a social media influencer is no longer a side gig, but a career path for many Australians 16:47

    Entertainment:
    Prince Harry and Duchess Meghan have secretly purchased a family home in Santa Barbara 16:31

    Law and Order:
    New developments into the murder of 20-year-old Bayden Williams 16:17

    Rugby:
    Seilala Mapusua's prepared for his first match as Samoan rugby coach to be next year 16:07

    Auckland:
    New Zealand records another 13 coronavirus cases, outbreak spreads from Auckland to Tokoroa 16:07

    Entertainment:
    Ricky Martin went through a "grieving process" because he didn't imagine he'd ever be a father 16:01

    Entertainment:
    The Duchess of Sussex will always be "so grateful" to Oprah Winfrey for befriending her mother 15:31

    Rugby League:
    While talk over the last week has been about the future, Warriors backrower Tohu Harris wants to make sure the focus is on going three in a row tonight 15:27


     News Search






    Power Search


    © 2020 New Zealand City Ltd