Posts Tagged ‘NZ dollar’

Profit warning makes Silver Fern Farms’ deal more critical

July 24, 2016

Last week’s profit warning from SFF chairman Rob Hewitt confirmed what industry observers suspected – this season has been affected by a combination of factors which has made achievement of the budgeted profit more remote than ever. At the half year Hewett had already warned the year end result would be materially different from budget without specifying numbers. The latest warning indicates break even at best. (more…)

Next season looking very uncertain

July 20, 2016

Last month I took a positive look at the prospects for New Zealand’s sheep and beef producers, based on the long-term outlook in global, especially Asian, markets. I drew attention to some caveats including market access, seasonality, exchange rates, the robustness of the cool chain and fluctuating demand. But what a difference a month makes! (more…)

Fixed price contracts not the answer

May 8, 2013

When farmers want certainty of income and livestock prices aren’t very good, thoughts often turn to fixed price contracts. But they have never really taken off because I suspect neither farmers nor meat exporters are very keen on them, although Silver Fern Farms continues to offer its Backbone contracts with reasonable uptake. (more…)

Farmers need to agree what they want

April 3, 2013

The recent meeting in Gore, organised by the Meat Industry Excellence Committee and attended by about 1000 farmers, gave an overwhelming mandate for change to the present condition of the meat industry. (more…)

Alliance posts $50.8 million loss for last season

November 12, 2012

Alliance posted its annual result on Friday which was every bit as bad as predicted, a net after tax loss of $50.8 million for the 12 months ended September. The result included restructuring costs of $13.5 million associated with the closure of the company’s Mataura sheep and lamb processing operations which followed similar costs of $19.4 million the previous year from the closure of its Sockburn plant. (more…)