Fonterra

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.

Fonterra backs Waituna Lagoon restoration

Groups already working to improve water quality in the Waituna Lagoon near Invercargill have welcomed funding from dairy giant Fonterra.

Fonterra signs $20m waterway cleanup deal

Fonterra signs $20m waterway cleanup deal

Fonterra is investing $20 million in a conservation project to restore waterways in Northland, Waikato, Canterbury and Southland.

Drought expected to help Fonterra

Drought expected to help Fonterra

Prices surged in the GlobalDairyTrade auction this week, increasing 10.4% on a trade-weighted basis, as New Zealand's supply tightens rapidly, due to dry conditions.

Fonterra, A-ware venture

Fonterra and Netherlands-based A-ware Food Group have signed an agreement to develop a cheese plant and dairy ingredients plant in Heerenveen, in the north of the Netherlands.

Issuing shares for stakeholders

Issuing shares for stakeholders

Fonterra will launch a bonus issue in April that the dairy processor says will not dilute the value for either shareholders or unit holders.

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