Fonterra

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.

Fallout may be short-lived

Fallout may be short-lived

The full economic impact of Fonterra's infant formula contamination scare remains unclear, although some economists have suggested it may be short-lived.

China questions NZ purity

China questions NZ purity

China is questioning New Zealand's '100 per cent pure' brand as headlines worldwide bring attention to Fonterra's milk formula scandal.

Fonterra lifts forecast milk price 50c

Fonterra lifts forecast milk price 50c

A 50c increase in Fonterra's forecast milk price for 2013-14 has been described as an ''overdraft clearer'', allowing farmers to pay back credit lines extended to them during widespread drought.

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