Dairy giant Fonterra has raised its forecast milk price payout to a midpoint of $10 - the second rise in less than a month.

The company says this new forecast reflects strong international demand, particularly from China and Southeast Asia.

Fonterra's CFO Andrew Murray says this news has been received positively by farmers.

"US production is very flat and European production is down - so the demand from imports is pretty good from our perspective and we've had a strong start to the season as well."

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Dairy giant Fonterra has&nbsp;raised its forecast milk price payout to a midpoint of $10 - the second rise in less than a month.
The company says this new forecast reflects strong international demand, particularly from China and Southeast Asia.
Fonterra's CFO Andrew Murray says this news has been received positively by farmers.
"US production is very flat and European production is down - so the demand from imports is pretty good from our perspective and we've had a strong start to the season as well."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Andrew Murray: Fonterra Chief Financial Officer on the company lifting its forecast Farmgate Milk Price to $10

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7831beff-e1f3-4808-a56f-b23d005fc04a/transcript

The Electricity Authority's report in to a toppled pylon has found the collapse was entirely avoidable.

The Transpower pylon north of Helensville fell - cutting power to 88,000 people in Northland - after unsupervised, inexperienced maintenance crews undid three legs at once.

The report found there was evidence removing all the nuts wasn't a one-off event.

ZB senior political correspondent Barry Soper says this incident came with significant economic impacts to Northland.

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The Electricity Authority's report in to a toppled pylon has found the collapse was entirely avoidable.
The Transpower pylon north of Helensville fell - cutting power to 88,000 people in Northland - after unsupervised, inexperienced maintenance crews undid three legs at once.
The report found there was evidence removing all the nuts wasn't a one-off event.
ZB senior political correspondent Barry Soper says this incident came with significant economic impacts to Northland.
LISTEN ABOVE

Best of 2024: Barry Soper - Northland pylon collapse was completely preventable

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b1581ebb-4ffb-450e-b3e9-b2520150878d/transcript

A charity boat was bringing 147 migrants that they'd rescued in the Mediterranean to Italy but the Italian Deputy Prime Minister Matteo Salvini refused. 

This has now come to court and Matteo Salvini is accused of kidnap and dereliction of duty over that refusal to allow the the boat to dock, and prosecutors in Sicily have asked judges to sentence him to 6 years in jail.

UK Correspondent Gavin Grey joins the show to talk about this and the Minister who's responsible for tackling corruption in UK financial markets is now alleged to be involved in a massive embezzlement in Bangladesh.

LISTEN ABOVE. 

A charity boat was bringing 147 migrants that they'd rescued in the Mediterranean to Italy but the Italian Deputy Prime Minister Matteo Salvini refused.&nbsp;
This has now come to court and&nbsp;Matteo Salvini is accused of kidnap and dereliction of duty over that refusal to allow the the boat to dock, and prosecutors in Sicily have asked judges to sentence him to 6 years in jail.
UK Correspondent Gavin Grey joins the show to talk about this and the Minister who's responsible for tackling corruption in UK financial markets is now alleged to be involved in a massive embezzlement in Bangladesh.
LISTEN ABOVE.&nbsp;

Gavin Grey: UK Correspondent on the verdict expected against Italian Deputy Prime Minister Matteo Salvini

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b942bf1-2cbc-40a3-b296-b24c006d2c3a/transcript

Sir Roger Douglas is disappointed with the ACT Party's response to this week's bleak Treasury forecasts. 

Douglas supported NZ First MP Shane Jones' response to the figures in which he made in an urgent debate in Parliament. 

David Seymour has 'annoyed' his party's founder. 

ACT Party Founder Sir Roger Douglas discusses this with Ryan Bridge. 

Sir Roger Douglas is disappointed with the ACT Party's response to this week's bleak Treasury forecasts.&nbsp;
Douglas supported NZ First MP Shane Jones' response to the figures in which he made in an urgent debate in Parliament.&nbsp;
David Seymour has 'annoyed' his party's founder.&nbsp;
ACT Party Founder Sir Roger Douglas discusses this with Ryan Bridge.&nbsp;

Sir Roger Douglas: ACT Founder supports Shane Jones

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5b687b3c-99b1-4b60-bcc9-b24c006b6e89/transcript

Andrew Murray: Fonterra Chief Financial Officer on the company lifting its forecast Farmgate Milk Price to $10

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