Displaying items by tag: Fonterra

Federated Farmers Dairy chairman Andrew Hoggard has leapt to the defence of Fonterra, saying much of the criticism against them is misguided.

Will the acceptance of a pay cut by Fonterra boss Theo Spierings solve the dairy industry’s problems? as suggested by Labour primary industries spokesmen Damien O’Connor.

Fonterra farmers want the co-op to spell out the impact of its struggling Australian business on shareholder returns.

Fonterra's 10,500 farmer shareholders got hit by a double whammy last week.

Fonterra has started consulting staff on proposals to streamline its business. The co-op is likely to shed hundreds of jobs as part of the review.

Fonterra's Australian suppliers are being paid more than a dollar extra than the co-op owners for every kgMS supplied to the co-op this season.

In recent months we’ve seen speculation from some commentators on the uncertain future of co-operative dairying in New Zealand – in which private companies and foreign investment trumps generations of local market expertise and value add is lost in the margins. 

Fonterra has announced a best-guess payout forecast of $5.25/kgMS for 2015-16. The bigger surprise was the final payout for 2014-15 of $4.40/kgMS, down another 10 cents. 

Fonterra has set the June guaranteed milk price (GMP) at $5.25/kgMS, matching its opening price for this season.

Spin and corporate drivel are not the way to connect with dairy farmers who are going through tough times.