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fonterra

EditorialAugust 29

Fonterra's leading role

Fonterra plays such an important role in the New Zealand economy, and its presence in the global economic structure, that news the dairy giant is increasing its farmgate milk price created something of a collective sigh of relief.
BusinessAugust 28

Relief but questions over food safety tests

The false alarm over Fonterra's botulism scare in some of its whey concentrate product has resulted in a relieved food industry but prompted questions about how testing could have failed on such an epic scale.
BusinessAugust 27

Fonterra ups forecast milk price 30c to $7.80

Fonterra has bumped up its forecast milk price for 2013-14 another 30c to $7.80 per kg of milk solids, citing continuing strong international prices for dairy.
Fonterra ups forecast milk price 30c to $7.80
Fonterra ups forecast milk price 30c to $7.80
BusinessAugust 23

Fonterra's August global dairy auction result defies expectations

Fonterra has achieved its highest-ever monthly revenue through the GlobalDairyTrade auction platform in August, selling 109,664 metric tonnes of product worth $685 million.
BusinessAugust 21

Dairy prices at auction reverse falls

Fonterra's contamination scare continues to have little impact on dairy prices, with this week's GlobalDairyTrade auction up 2.3%.
Dairy prices at auction reverse falls
Dairy prices at auction reverse falls
BusinessAugust 7

Spierings apology clouded

As Fonterra chief executive Theo Spierings was apologising to consumers and the New Zealand public over the infant formula contamination scandal yesterday, it emerged four batches of potentially tainted product had reached Hong Kong and Australia.
Spierings apology clouded
Spierings apology clouded
BusinessAugust 6

Scare reaction will take time

Although the overnight GlobalDairyTrade auction will have given the first indication of buyers' reaction to the Fonterra botulism scare, a clearer idea of ongoing market impact may not emerge until next month, Rabobank senior dairy analyst Hayley Moynihan says.
Scare reaction will take time
Scare reaction will take time
BusinessAugust 6

Morningstar places Fonterra units under review, fearing fallout

Morningstar Research has put Fonterra Shareholders Fund units under review after the world's largest dairy exporter revealed some of its whey protein concentrate was contaminated.
Morningstar places Fonterra units under review, fearing fallout
Morningstar places Fonterra units under review, fearing fallout
BusinessAugust 5

Fallout may be short-lived

The full economic impact of Fonterra's infant formula contamination scare remains unclear, although some economists have suggested it may be short-lived.
Fallout may be short-lived
Fallout may be short-lived
BusinessJuly 31

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.
Fonterra lifts forecast milk price 50c
Fonterra lifts forecast milk price 50c
BusinessJuly 29

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.
BusinessJuly 9

Fonterra axing 300 office jobs

Dairy giant Fonterra has confirmed it is shedding 300 jobs after a review of its support services.
SouthlandJuly 8

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.
Robots play role in silo maintenance
Robots play role in silo maintenance
BusinessJune 11

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.
BusinessMay 27

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."
Don't trust Chinese: Ex-Fonterra head
Don't trust Chinese: Ex-Fonterra head
BusinessMay 27

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.
TAF will put $500m in to economy
TAF will put $500m in to economy
BusinessMay 27

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.
BusinessMay 16

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 units could give farmers much-needed cash
Fonterra units could give farmers much-needed cash
BusinessMay 1

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.
BusinessApril 16

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.
BusinessMarch 29

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.
BusinessMarch 27

Fonterra profit soars 33%

Fonterra has warned its strong first-half earnings are unlikely to be repeated in the second half of the year.
Fonterra profit soars 33%
Fonterra profit soars 33%
BusinessMarch 27

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.
BusinessMarch 20

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.