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Fonterra has lifted its forecast farm gate milk price for the year to May 31, 2021. In a statement posted to the NZX on Friday, the dairy giant lifted its forecast range from $7.30 to $7.90 a kilogram of milk solids. This is up from $6.90 to $7.50. The midpoint range, which farmers are paid off, increased to $7.60. Chief executive Miles Hurrell said it was good news for farmers and would contribute $11.5 billion to the economy. READ MORE: Milk price payouts forecast to rise: Fonterra Fonterra lifts farm gate milk price expectations on back of growing demand Fonterra raises farm gate milk price forecast mid point on back of strong China demand The lift in the milk price range was a result of consistent strong demand for New Zealand dairy, he said. “We’ve seen Global Dairy Trade (GDT) prices continuing to increase since February when we last updated on our forecast farm gate milk price and then this week there was the 15 per cent increase in GDT prices. “It’s … [Read more...] about Fonterra lifts forecast farmgate kilk price range after whopper dairy trade auction

advertisement advertisement advertisement Amazon can squeeze a lot into a box. advertisement advertisement Jared Ficklin was part of a secret team at a prominent design firm tapped with helping design and develop a watershed device from Amazon, the Fire Phone. The Fire Phone was going to be Amazon’s arrival in the design world. The Kindle was a breakthrough e-book reader, sure. But it was too utilitarian to be an object of desire, the sort of budget device you’d expect from a budget retailer. Developing a premium smartphone could ascend Amazon to the rare air of Apple, transforming it into a company that could make covetable things. This was important to Jeff Bezos. As he said in an early memo , he wanted Amazon to be like Apple or Nike, “loved” by customers and perceived as “cool.” “Risk taking is cool. Thinking big is cool. The unexpected is cool,” he wrote then. Ficklin worked for months under clandestine conditions he … [Read more...] about The complicated design legacy of Jeff Bezos

Meridian Energy has launched a new programme to support the reduction of emissions from New Zealand's fossil fuel-fired industrial boilers, the second largest source of energy-related greenhouse gas emissions. The first three projects of Meridian's Process Heat Electrification Programme will see the energy company work with three companies targeting the removal of more than 15,000 tonnes of carbon emissions from their process heat production per annum, the equivalent of removing over 8000 cars from the road. Meridian chief executive, Neal Barclay says the combination of long term supply contracts and highly competitive electricity pricing offered by the programme is key to reducing carbon emissions by a potential 100,000 tonnes per annum, the emissions equivalent of over 50,000 cars every year. "We're offering sharp long term deals to customers that want to reduce their emissions profile by decarbonising their process heat," he says. The programme will assist customers in … [Read more...] about Meridian targets 100,000 tonnes of carbon reduction from fossil fuel-fired boilers

Republican South Carolina Senator Lindsey Graham has said he will talk to Democratic West Virginia Senator Joe Manchin about an alternate plan for raising the national minimum wage. Graham's plan, suggested to him by representatives from the national restaurant chain Waffle House, would index minimum wage increases to inflation. His plan could also soothe Machin's worries that the Democrats ' proposal to raise the minimum wage to $15 an hour by 2025 would endanger small businesses already harmed by the pandemic's economic downturn. While Graham didn't offer specifics when mentioning his plan to reporters last week, similar proposals have tied annual minimum wage increases to the Consumer Price Index (CPI). The CPI measures changes in the costs of goods and services commonly purchased by households. For example, the current national minimum wage is $7.25 an hour. However, in Ohio, where the minimum wage is indexed to inflation, the wage is $8.80 an hour. "I don't mind … [Read more...] about Lindsey Graham Offers ‘Waffle House’ Plan to Dems Worried About $15 Minimum Wage