Displaying items by tag: Fonterra

The Australian Competition and Consumer Commission (ACCC) has begun action against Woolworths.

Onfarm cash income of farmers from all milk production this season will be under $4/kgMS, according to DairyNZ.

Against the backdrop of a falling milk payout, Fonterra farmers will this week start discussing a governance review of the co-op.

Former Fonterra chairman Sir Henry van der Heyden will speak at the upcoming Australian Dairy Conference.

Fonterra will introduce an independent organic milk price linked to market returns for organic products, prompted by the success of that business.

Dairy farmers are being urged to make their businesses resilient around a $5/kgMS payout for the next few years.

The drop in the forecast farmgate milk price from Fonterra will reduce overall dairy revenues by a further $800 million, says DairyNZ.

Fonterra Shareholders Council says the co-op's 45c drop in the 2015-16 forecast payout is a sobering blow to farmers.

Fonterra has dropped its forecast farmgate milk price for the 2015-16 season by 45c to $4.15/kgMS.

Fonterra's milk collection across New Zealand last month dipped 3% compared to the same month last year.