Displaying items by tag: Fonterra

Despite news that Fonterra’s partnership with Chinese company Beingmate appears to be going from bad to worse, the co-op is still claiming “confidence” in the investment.

The battle for milk supply in Waikato is heating up with Canterbury processor Synlait entering the region.

Fonterra has slapped an injunction against former director Leonie Guiney, preventing her from sharing confidential information about the co-op with the media.

Fonterra provided nearly 20 million packs of milk free to 145,000 primary school students last year as part of its Milk for Schools scheme, now in its fifth year.

Australian dairy farmers supplying milk to Fonterra say any proposal to them on ownership options must have a sound economic rationale.

Fonterra has scope to lift its payout from current guidance, but its losses on Beingmate will likely weigh on its earnings and dividend payments, says New Zealand brokerage firm OMF Financial.

a2 Milk Co has struck a deal with Fonterra that will enable it, over time, to diversify its milk sourcing, processing and manufacturing to meet growing demand for its products, the company says.

Severe damage to the Takaka Hill road from ex-cyclone Gita is forcing Fonterra to barge product by sea from its Takaka factory.

Falling milk production due to weather constraints has forced Fonterra to reduce sales volumes across its entire product range.

Fonterra chairman John Wilson claims the co-op’s overall strategy in China is “working very well”.