Fonterra on track for record payout

Global dairy giant Fonterra Cooperative Dairies Ltd today posted a profit of $293 million for the half year to January 31, and confirmed its forecast for a record payout to farmers of about $11 billion.

Dairy prices tumble

Dairy commodity prices tumbled at Fonterra's overnight online auction, with the globalDairyTrade trade weighted index falling 8.2 percent, and the average winning price down to $US4443 ($NZ6064) from $US4826 a fortnight ago.

Fonterra increases forecast payout by 60c

Dairy co-operative Fonterra is increasing its forecast payout range to farmers by 60c to $7.90-$8.00 for the 2010/2011 season, before retentions, the company said today.

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.

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