Fonterra

Fonterra cuts dairy payout forecast

Fonterra cuts dairy payout forecast

Fonterra has cut its forecast farmgate milk price for the current season to $4.50 a kg of milk solids from $4.70 because of volatility in world markets caused by oversupply, with much of it coming from New Zealand.

Fonterra cuts milk volume forecast

Fonterra says it has cut its milk volume forecast for the 2014-15 season to 1,532 million kg of milksolids, reflecting the impact of dry weather on production in recent weeks.

Milk collection up; dry fears

Fonterra's New Zealand collection is 4% higher for the season to date but the dairy co-operative issued a warning about the effect dry conditions were having on the east coast of the South Island.

Fonterra slashes milk price forecast to $4.70

Fonterra slashes milk price forecast to $4.70

Fonterra says it has cut its farmgate milk price forecast for 2014/15 to $4.70 per kg of milk solids, down from previous forecast of $5.30 a kg.

Synlait lifts profit, brings forward expansion

Synlait lifts profit, brings forward expansion

Independent Mid Canterbury dairy company Synlait increased lifted its profit 70% to almost $20 million for the full year, meeting its downgraded profit forecast made in May.

Fonterra remains fourth top in dairy

Fonterra has retained its fourth placing in Rabobank's latest survey of the world's top 20 dairy companies.

Fonterra hit with $150k botulism fine

Fonterra hit with $150k botulism fine

The New Zealand Markets Disciplinary Tribunal has fined Fonterra $150,000 for breaching continuous disclosure requirements to the NZX during the dairy manufacturer and exporter's botulism false alarm last August.

Guaranteed milk price scheme open

Applications are open for Fonterra farmers to lock in a price for a percentage of their milk for the 2014-15 season.

Much interest in Fonterra's interim result

Much interest in Fonterra's interim result

Fonterra's forthcoming first-half financial result will come under close scrutiny this week from analysts and farmers alike, including expectation of a revision in financial guidance.

Charges laid against Fonterra over botulism scare

Fonterra said it had accepted charges laid against it by the Ministry for Primary Industries (MPI) over events that led to last year's precautionary market recall of whey protein concentrate.

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