Displaying items by tag: Fonterra

Dairy industry optimists have for months been talking up the future, saying things will improve.

UK's biggest farmer-owned dairy cooperative is reducing its milk price and slashing jobs as part of a turnaround plan.

A crisis looms in the dairy industry as the implications of the $4.50 payout starts to hit home.

Primary Industries Minister Nathan Guy says farmers are resilient and will get through the low milk-price patch.

Anchor is aiming to make organic milk more accessible to New Zealanders, with a campaign to launch their organic milk nationwide this month.

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.