Displaying items by tag: Fonterra

Leadership through strong governance is critical for farmers, and the sector more broadly, if the dairy industry is to seize the opportunities of the decades ahead.

Fonterra is closing its Kaikoura site with 22 jobs set to go.

Two percent isn't much, but at Fonterra's Clandeboye site a revolutionary cheese plant only required 2% of the site's 45ha to rock the cheese world.

This morning's announcement by Fonterra to drop its forecast payout will lump more pressure on dairy farmers and they will be counting down the days to end of the season.

Sixty new dairy process jobs were created when Fonterra opened four plants in the South Island recently.

Today's announcement of a further 25c drop in the current season forecast farmgate milk price is a "bitter pill" for farmers to swallow, says Fonterra Shareholders' Council chairman Duncan Coull.

The $8.40/kgMS payout was probably the worst thing that happened to the dairy industry, says family corporate farmer Trevor Hamilton.

Former Fonterra director Greg Gent says grass will become fashionable again as the effects of lower dairy prices continue.

Fonterra and its global peers believe future prices will show that the dairy market is not as imbalanced as the current prices indicate, John Wilson says.

The GlobalDairyTrade price index was up 1.4% over night, with whole milk powder up 5.5%.