Fonterra

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.

2013-14 forecast raised to $7.40

2013-14 forecast raised to $7.40

Westpac has upgraded its milk price forecast to $7.40 per kilogram of milk solids for the 2013-14 season, and suggested Fonterra could even ''go north'' of that.

Fonterra axing 300 office jobs

Dairy giant Fonterra has confirmed it is shedding 300 jobs after a review of its support services.

Robots play role in silo maintenance

Robots play role in silo maintenance

Robotic technology being used at Fonterra's Edendale site to identify any issues in the large milk silos has been described as a ''godsend'' for the annual winter inspection and maintenance programme.

Fonterra guaranteed price debuts at $7/kg ms

Fonterra has confirmed a guaranteed milk price of $7 per kg of milk solids (ms) for its 2013-14 season pilot scheme, which it says has already attracted strong interest from farmers.

Don't trust Chinese: Ex-Fonterra head

Don't trust Chinese: Ex-Fonterra head

Former Fonterra chairman Sir Henry van der Heyden has warned exporters to be wary of fraudulent behaviour when doing business in China, saying: "Don't ever trust them ... never."

TAF will put $500m in to economy

TAF will put $500m in to economy

Nearly $500 million will be released into the economy as Fonterra farmer shareholders elect to sell some of their wet shares into this month's supply offer.

Payout forecast due

Fonterra's first forecast for the 2013-14 dairy season, due tomorrow, is expected to add momentum to the New Zealand economy, Westpac economist Doug Steel says.

Fonterra units could give farmers much-needed cash

Fonterra units could give farmers much-needed cash

Fonterra's release yesterday of a final price on its listed shareholder units could provide debt-laden or drought-affected dairy farmers with a cash windfall.

Fonterra 'wet share' sales option opens for farmers

A supply offer enabling Fonterra farmer shareholders to sell the economic rights of some of their shares will open today. They will have the opportunity to offer to sell the economic rights of up to 25% of their minimum required shares (wet shares) to the Fonterra Shareholders Fund.

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