Tuesday, 18 November 2014 00:00

Fonterra expands global milk pools

Written by 
Theo Spierings Theo Spierings

FONTERRA HOPES to be collecting 30 billion litres of milk worldwide by 2025, says chief executive Theo Spierings.

 Addressing the co-op’s annual meeting in Palmerston North last week, Spierings referred to six global milk pools – three in the southern hemisphere (New Zealand, Australia, South America) and three in the north (Europe, North America, China).

Spierings defends the concept of expanding global milk pools. “Milk pools gives us access to safe, quality milk and we need extra milk to stay relevant.”

He stressed that all milk pools will deliver quality milk. “The same standards apply in all milk pools as in New Zealand.”

When Fonterra was formed 12 years ago it processed 13 billion litres of milk in New Zealand; today, it picks up 21b L in New Zealand, Australia, Chile and China.

Spierings says Fonterra’s ambition is to pick up 30b L by 2025; more milk will come from pools in Europe and China. 

Most of the extra milk will be turned into products for China; the Australian milk pool will process cheese, whey and infant formula and Europe will turn its milk into whey for China.

Spierings says the milk collected from Fonterra farms in China will be turned into UHT products and food service ingredients for the domestic market.

New Zealand milk products will go mostly to China, Middle East and Africa.

 

More like this

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Aussie farmers get A$8.60/kgMS as opening milk price

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.

Featured

Top innovators announced

The Fieldays Innovation Award winners have been announced with Auckland’s Ruminant Biotech taking out the Prototype Award.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Are they serious?

OPINION: The Greens aren’t serious people when it comes to the economy, so let’s not spend too much on their…

A hurry up!

OPINION: PM Chris Luxon is getting pinged lately for rolling out the old 'we're still a new government' line when…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter