Displaying items by tag: Fonterra

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.

Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.

Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.

Fonterra has invested in a new effluent pond mobile dosing service to support farmers to reduce emissions and make progress towards its on-farm emissions reductions target.

While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.

Fonterra says its ongoing legal battle with Australian processor Bega Cheese won’t change its divestment plans.

Fonterra is closing a milk powder blending and packaging site in Hamilton, a move that will affect 120 jobs.

A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.