Displaying items by tag: Fonterra

Fonterra is planning a tenfold expansion in production capacity at its Studholme factory in South Canterbury.

Despite last week’s drop in this season’s expected milk payout by both Fonterra and Westland there are positive – albeit slow – signs about the future outlook for dairy prices.

About 9000 Fonterra farmers have so far bought goods and services via the co-op’s new Farm Source rewards scheme, earning $3 million in reward dollars.

Fonterra has reduced its forecast farmgate milk price for the 2014/15 season from $4.70/kgMS to $4.50/kgMS.

Still on Fonterra, the co-op is reportedly spending $20 million a year on its much-heralded Milk for Schools scheme.

Fonterra's decision to scale back the rebranding of RD1 stores into the new Farm Source hubs will be welcomed by cash-strapped farmer shareholders.

Fonterra has announced changes to the roles and responsibilities of two members of the Fonterra Management Team.

Fonterra says milk collection in the South Island in March was 7% below last season.

Many Fonterra shareholders were disappointed with the interim results the co-op announced last month.  Many feel they are not seeing a return on their investment.

A mate of yours truly says he has recently noticed how the Fonterra tankers, seen driving up and down the country, are displaying a large ANZAC poppy on their grills.