Displaying items by tag: Fonterra

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.

Fonterra chairman John Wilson says as a farmer he is angry and disappointed with today's arbitration decision over the false botulism scare in 2013.

Fonterra has lowered its forecast earnings per share following a ruling against it in favour of Danone for $183 million in damages.

Danone has been awarded damages from Fonterra Co-operative Group totaling $183 million – fall-out from Fonterra’s product recall of 2013.

Fonterra Co-operative Group Limited has requested an immediate trading halt to be applied to their securities on the ASX, the NZX and the Fonterra Shareholders Market.

While overall dairy exports from New Zealand and Australia are declining, the European Union is showing strong export growth, says Fonterra’s November Global Dairy Update.

In reflecting on the salary package/bonuses paid to Theo Spierings in the past season it is important to understand that the Fonterra business is owned by shareholders who empower a board to act on their behalf.

Fonterra chief executive Theo Spierings has been appointed chairman of Global Dairy Platform (GDP).