Fonterra

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.

Fonterra gets clearance to buy plant

Fonterra gets clearance to buy plant

Fonterra has gained Commerce Commission clearance to buy the Studholme milk processing plant near Waimate, which has been in receivership for almost four months.

Fonterra cleared to buy NZ Dairies

The Commerce Commission said it had cleared Fonterra to acquire the dairy processing assets of New Zealand Dairies, which is in receivership.

Testing times as milk payout falls

Testing times as milk payout falls

The lowering last week of the forecast payment Fonterra will make to farmers for milk this season has much wider repercussions than just the bank balances of the country's 14,000 dairy farmers.

Farmer caution urged

Farmer caution urged

Dairy farmers have been again urged to "pull the belt buckle in" after Fonterra sliced 30c from its previous forecast range for the 2012-13 season to $5.65-$5.75.

Fonterra revises forecast down

Fonterra revises forecast down

Fonterra said it had downwardly revised its forecast payout to farmers for the 2012-13 season due to ongoing strength of the New Zealand dollar.

Fonterra gets tick in 'dry run' review

FOonterra has welcomed the Commerce Commission's final report on a "dry run" review of how the dairy giant sets its farm gate milk price.

Record quarter for Fonterra

Fonterra has notched up a record end-of-season quarter with 620,000 metric tonnes of dairy products exported - up 36% on the same period last year.

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