Displaying items by tag: Fonterra

Federated Farmers Dairy president Andrew Hoggard is urging farmers to maintain a frugal mindset in the face of disappointing half-year results by processors.

The battle for organic milk is heating up with a new farmer co-op launching in Taupo later this month.

Fonterra farmers are disappointed with the half-year results announced by Fonterra today, says Fonterra Shareholders Council chairman, Ian Brown.

Fonterra has described its half year trading as subdued, with revenues dropping 14% compared to last year.

Fonterra is maintaining its forecast farmgate milk payout of $4.70/kgMS this season.

Fonterra has made a u-turn on its organic business, on the back of growing global demand, lifting its premium to certified organic dairy farmers by 45 cents to $1.50/kgMS.

One in five Fonterra suppliers is on notice to improve the quality of their milking shed water.

Fonterra chief executive Theo Spierings says other multi-nationals have dealt with issues such as the 1080 threat so they are being kept informed not only for transparency but for best practice around the globe.

Fonterra's internationally established infant nutrition brand Anmum is now available to New Zealand families.

In the last couple of weeks we have seen a welcome recovery in the Global Dairy Trade price index, albeit on reduced volumes for this time of year.