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Fonterra is a key ingredient supplier to some of the US’ largest ready-to-drink product makers.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
The co-op’s group director global external affairs Simon Tucker says they are working to fully understand and assess the exact implications of new tariffs announced today.
As part of his much touted ‘Liberation Day’ announcement, President Donald Trump announced far-reaching new tariffs on nearly all US trading partners — a 34% tax on imports from China and 20% on the European Union, among others. All New Zealand and Australian imports will now attract a 10% tariff.
Fonterra is a key ingredient supplier to some of the US’ largest ready-to-drink product makers. This includes Premier Nutrition Company, owners of Premier Protein, the number one brand in the US ready-to-drink category. The new tariff means additional costs across the supply chain and ultimately, a higher price for US consumers.
Tucker says Fonterra wants to avoid tariffs in all its markets.
“Obviously, we always want to avoid any increases in tariffs or other trade barriers across all the markets we operate in.
“Tariffs and other trade barriers create additional costs across the supply chain, which are ultimately borne by local consumers.
“Fonterra has a long history of navigating difficult and protected trade environments, and we will continue to do so during the period ahead.”
Research lending to the production of dairy products that benefit the elderly and improves the overall wellbeing of all people is a key focus of Fonterra's Research and Development centre, based in Palmerston North.
Milk processors are either matching or beating Fonterra's record $10/kgMS opening forecast milk price as the 2025-26 season gets underway.
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
Australian dairy farmers supplying Fonterra are getting an opening weighted average milk price of A$8.60/kgMS for the new season or around NZ$9.26/kgMS - NZ74c less than New Zealand suppliers, based on the current exchange rate.
A record $10/kgMS opening forecast milk price for the new season means more money into Fonterra farmers pockets early, says Federated Farmers dairy chair Richard McIntyre.
Dairy farmers are set to benefit from the radical sweeping changes the Government is planning to make to the regulations that form part of the Resource Management Act (RMA).
The reported surge in interest in dairy conversions should be put into the context of falling overall cow numbers and improving environmental performance, says DairyNZ.
New Zealand's top trade official has told dairy farmers that their sector faces the most trade barriers internationally.
Waikato sharemilker Matthew Zonderop had no inkling that one day he would become a matchmaker for cows.
The coveted post of Federated Farmers' national dairy chair will see a two-way contest at the Federated Farmers annual meeting later this month.
Research lending to the production of dairy products that benefit the elderly and improves the overall wellbeing of all people is a key focus of Fonterra's Research and Development centre, based in Palmerston North.
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