Displaying items by tag: Fonterra

Fonterra chairman John Wilson says he is absolutely confident dairying will recover back to sustainable pricing levels for farmers.

Fonterra's profit announcement will be small consolation for dairy farmers facing an extended period of low milk returns.

Fonterra Shareholders' Council chairman, Duncan Coull, said today's interim results announcement was in line with forecasts, and the expectations of the council.

Fonterra has delivered some good news to farmers.

The Global Organic Dairy Products Market 2015-2019 forecasts market growth of approximately 12% by 2019.

Fonterra's 'Black Tuesday' announcement last week that the current season forecast payout will be cut to $3.90/kgMS poses a number of questions.

Fonterra has today confirmed the permanent closure of its Kaikoura site, following the conclusion of staff consultation.

Fonterra's decision to extend the time it will take to pay some suppliers has come under fire.

Fonterra says its decision to delay payments to some creditors by up to 90 days is nothing new and suppliers should "align" themselves to it.

Fonterra doesn't believe it will take much to change the global dairy market, but it expects very little change this year.