Fonterra

Fonterra's leading role

Fonterra's leading role

Fonterra plays such an important role in the New Zealand economy, and its presence in the global economic structure, that news the dairy giant is increasing its farmgate milk price created something of a collective sigh of relief.

Relief but questions over food safety tests

The false alarm over Fonterra's botulism scare in some of its whey concentrate product has resulted in a relieved food industry but prompted questions about how testing could have failed on such an epic scale.

Fonterra ups forecast milk price 30c to $7.80

Fonterra ups forecast milk price 30c to $7.80

Fonterra has bumped up its forecast milk price for 2013-14 another 30c to $7.80 per kg of milk solids, citing continuing strong international prices for dairy.

Fonterra's August global dairy auction result defies expectations

Fonterra has achieved its highest-ever monthly revenue through the GlobalDairyTrade auction platform in August, selling 109,664 metric tonnes of product worth $685 million.

Dairy prices at auction reverse falls

Dairy prices at auction reverse falls

Fonterra's contamination scare continues to have little impact on dairy prices, with this week's GlobalDairyTrade auction up 2.3%.

Sri Lanka recall another blow for Fonterra

Sri Lanka recall another blow for Fonterra

Sri Lanka has ordered Fonterra to recall two batches of milk powder which it says is contaminated with the farm chemical DCD, a claim Fonterra chief executive Theo Spierings says the company will fight.

Spierings apology clouded

Spierings apology clouded

As Fonterra chief executive Theo Spierings was apologising to consumers and the New Zealand public over the infant formula contamination scandal yesterday, it emerged four batches of potentially tainted product had reached Hong Kong and Australia.

Scare reaction will take time

Scare reaction will take time

Although the overnight GlobalDairyTrade auction will have given the first indication of buyers' reaction to the Fonterra botulism scare, a clearer idea of ongoing market impact may not emerge until next month, Rabobank senior dairy analyst Hayley Moynihan says.

Morningstar places Fonterra units under review, fearing fallout

Morningstar places Fonterra units under review, fearing fallout

Morningstar Research has put Fonterra Shareholders Fund units under review after the world's largest dairy exporter revealed some of its whey protein concentrate was contaminated.

Fonterra accused of botching crisis

Fonterra accused of botching crisis

New Zealand's reputation as having the best food hygiene standards in the world has gone ''down the toilet'' because of the Fonterra botulism scare, a University of Otago professor says.

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