Monday, 13 June 2016 11:18

Stiff competition in Oz

Written by 

Fonterra is facing strong competition for milk supply in western Victoria.

 

Chief executive Theo Spierings says Warrnambool Cheese and Butter, now owned by Canadian processor Saputo, was providing stiff competition.

A farmer shareholder at Friday's special meeting asked Fonterra to confirm if it was losing milk suppliers in Australia.

Spierings says Fonterra is active in three regions of Australia; Tasmania, eastern, western and northern Victoria.

He says western Victoria is a challenge.
Spierings says Fonterra needs more milk in Australia and will be strongly fighting for more milk.

The co-op's new plant at Stanhope is bigger than the one it replaces and will need more milk.

Spierings noted that Fonterra has lowered its farmgate milk price in Australia and this would lead to some suppliers leaving.

 

More like this

Light reading

In a follow-up to this old mutt’s piece two issues ago about Fonterra directors getting to grips with the co-op’s financial state and loudly sharing their dismay in the Koru club, another of the Hound’s spies has passed on more news in the ‘Fonterra director watch’ category.

 
 

» Latest Print Issues Online

Milking It

Toxic loan?

More questions are being asked about the Government’s contentious $10 million loan to Westland.

Moo love on the net

Cows and bulls searching for ‘moo love’ now have a mobile app to help their breeders.

 
 

» Connect with Dairy News