Fonterra

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.

Some organic dairy farmers have contracts renewed

Fonterra is renewing contracts for some of its organic dairy farmers, less than two years after slashing the number of supplier farmers throughout the North Island, but the news is not so good for Northland suppliers.

Mixed response to milk price

Fonterra's increased forecast milk price will not be enough to make up for the effects of drought, particularly in the North Island, Federated Farmers says.

Fonterra profit soars 33%

Fonterra profit soars 33%

Fonterra has warned its strong first-half earnings are unlikely to be repeated in the second half of the year.

Offer will give farmers flexibility

A supply offer enabling Fonterra farmer shareholders to sell the economic rights of some of their shares will open in May.

Fonterra fund units could fall

The dairy sector may weather the drought better than beef and sheep farmers but Fonterra's recently launched shareholder fund units could take a hit in value.

Syndicate content