Articles tagged Dairy NZ

DairyNZ is hailing the fact that 97 percent of dairy cattle are now fenced off from waterways, but its latest Water Accord report reveals a significant worsening of reported nutrient leaching in the areas with the biggest new conversions and no improvement in leaching nationally, reports Lynn Grieveson.

Labour has backed the Green Party call for every river in the country to be "swimmable", saying rivers that are clean enough to swim in are a birthright of New Zealanders. John Key has warned such a target is unrealistic and would cost "billions."

Updated

A 8.9% slump in dairy prices in GlobalDairyTrade's fortnightly auction on Wednesday has forced economists to downgrade their forecasts for Fonterra's payout. Some saw dairy sector revenues falling as much as NZ$5 billion if the New Zealand dollar stays elevated despite the 35% fall in US$ dairy prices.