Thursday, 03 April 2025 14:10

US remains important market - Fonterra

Written by  Sudesh Kissun
Fonterra is a key ingredient supplier to some of the US’ largest ready-to-drink product makers. 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.”

More like this

Winston's crusade

OPINION: A short-term sugar hit. That's what NZ First leader Winston Peters is calling the proposed sale of Fonterra's consumer and associated businesses.

US tariffs hit European ag machinery markets

The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.

Featured

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

Safer Rides initiative boosts farm quad bike safety

According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.

Editorial: Farewell Jim

OPINION: In the past weeks, much has been said and written about one of New Zealand's greatest prime ministers, James Brendan Bolger, who died just a few months after his 90th birthday.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Microplastics problem

OPINION: Microplastics are turning up just about everywhere in the global food supply, including in fish, cups of tea, and…

Job cuts

OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter