Fonterra

Fonterra shares at upper limit

Fonterra shares at upper limit

Fonterra units have been valued at the top of the range at $5.50 each but demand is expected to push them up even further when trading begins on the NZX on Friday.

Fonterra farmer shareholders cautious about selling

Many farmer shareholders seem to be taking a "wait and see" approach before selling economic rights of shares into the Fonterra Shareholders Fund, the dairy co-operative says.

Milk drier makes 924 tons of powder in a week

Milk drier makes 924 tons of powder in a week

Fonterra's newly-acquired milk-processing plant at Studholme, near Waimate, has already broken a record - producing 924 metric tonnes of whole milk powder in a week.

Fonterra staying mum on China stake report

Fonterra will not comment on a report out of Beijing that China Investment Corp is seeking a stake in the Fonterra Shareholders Fund, which is still in its formative stages, a spokesman for the co-operative says.

Fonterra adds to dairy hub in China

Fonterra is continuing its expansion in China with the purchase of two more big dairy farms in Hebei Province.

'Exciting chapter' for dairy

'Exciting chapter' for dairy

Trading Among Farmers could be the start of a "highly innovative and exciting chapter" in Fonterra's history, Federated Farmers dairy chairman Willy Leferink believes.

Fonterra's Shareholders Fund expected to raise $525m

Fonterra's Shareholders Fund expected to raise $525m

Units in Fonterra's Shareholders Fund, which will raise up to $525 million, are expected to go on sale on November 5.

Soaring kiwi slashes cash from cows

Soaring kiwi slashes cash from cows

The high value of the New Zealand dollar has cost Fonterra's farmer-shareholders about $1 billion in lost revenue, Federated Farmers dairy spokesman Willy Leferink says.

Fonterra profit up but payout down

Dairy co-operative Fonterra yesterday reported an improved profit for the year ended June but a reduced payout for farmers, with warnings already that next season's payout will be even lower.

'Watering down' of milk criticised

'Watering down' of milk criticised

Dairy giants are coming under increasing pressure to reveal how much of a controversial "snot-like" byproduct they put in their milk.

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