Displaying items by tag: Fonterra

Fonterra’s shaky investment in Chinese food company Beingmate is heading for more trouble.

The country's second-largest milk processor has revised its forecast milk payout for the season as dairy prices soften.

Farmers supplying milk to Fonterra under contract will now have up to nine years to be fully ‘shared up’.

Fonterra farmers are confident their co-op was right in issuing a precautionary recall of infant formula four years ago.

A “hint of conservativeness” can be detected in Fonterra’s updated forecast on the farmgate milk price last week, says ASB’s senior rural economist Nathan Penny.

While Fonterra’s first quarter revenue is up 4% on the same period last year, sales volumes are down 20% to 3.9 billion liquid milk equivalent (LME).

Fonterra has dropped its forecast milk payout for this season by 35c to $6.40/kgMS.

A proposed $230 million infant formula plant in North King Country is opposed by some local landowners, including a Fonterra leader.

Fonterra Shareholders Council chairman Duncan Coull says today’s arbitration decision on the claims made by Danone has made this a tough day for the co-op.