Displaying items by tag: Fonterra

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.

The GlobalDairyTrade price index was down 2.9% overnight, despite expectations of a small rise.

The first slices of cheese have rolled off the new slice on slice line at Fonterra Eltham, in Taranaki.

Fonterra chief executive Theo Spierings says dairy exports and imports have been imbalanced for the past 18 months.

Struggling Fonterra farmers must wait until March 23 to find out what more support they will get from the co-op.

As a cooperative, Fonterra has a responsibility to its farmers to operate as efficiently as possible across every facet of its business, including vendor pricing and terms, says a spokesman.

Maury Leyland, Fonterra's managing director of people, culture and safety, and member of Fonterra's Management Team has resigned for personal reasons.