Fonterra bows to milk price pressure

Fonterra bows to milk price pressure

Fonterra is freezing wholesale domestic milk prices for the rest of 2011, but says the price consumers pay will ultimately be determined by retailers.

Fonterra freezes milk price for Kiwis

Fonterra today announced it would freeze the domestic price of milk for the rest of year, after criticism that it was becoming unaffordable for many families.

Dairy price interest

The attention of the world's dairy markets will be focused on today's globalDairyTrade event after news cyclones, floods and bush fires have cut Australian milk production by at least 100 million litres this season.

New livery catches eye

New livery catches eye

Fonterra has started giving its tanker fleet of 480 a makeover that will make its vehicles more visible and roads safer.

Milk auction price rises

The increase in Fonterra's forecast milk payout last week appears justified, after prices in its latest internet auction lifted an average 2.4% yesterday.

Fonterra boosts forecast milk price

Dairy farmers are on track for one of their biggest paydays with Fonterra yesterday lifting the forecast milk price for the current season by 30c a kg of milksolids to $6.90 a kg/ms.

Fonterra and Nestle Chile plan

Dairy giants Fonterra and Nestle are expanding their Dairy Partners America's joint venture into Chile.

Companies raise advance milk payment

Two of the country's largest dairy companies have raised the advanced milk payment to suppliers and farmer cashflows are benefiting.

Fonterra criticised over how it calculates debt

Fonterra criticised over how it calculates debt

Critics of how Fonterra measures its gearing ratio claim it could be as high as 60%, rather than the 44.9% for the year end July 31 as published in the co-operative's annual accounts.

Appeal for NZ to retain ownership of its farmland

New Zealand cannot afford to lose control of its land, says Fonterra chairman Sir Henry van der Heyden.

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