Displaying items by tag: Fonterra

FONTERRA IS boosting its connectivity to farmers through the Farm Source programme which will support farmers and their farming businesses and bolster the cooperative's connection with rural communities in New Zealand.

DairyNZ says the latest drop in Fonterra's forecast farmgate milk price for the 2014-15 season is a signal to farmers to reassess the costs of their farm system.

Fonterra chief executive Theo Spierings says the co-op is investing $750 million to lift processing capability over the peak processing months.

Fonterra farmers will receive a record $8.50kgMS for milk supplied to the co-op last season.

Fonterra Shareholders Council chairman, Ian Brown says farmers will be disappointed with the latest drop in the 2014-15 season forecast payout.

Fonterra chairman John Wilson says there is further downside risk to its 2014-15 forecast payout.

Six candidates are vying for Fonterra board elections this year.

NOMINATIONS FOR the 2014 Fonterra elections have closed and the candidates for the Fonterra board of directors' election will be announced on Tuesday, September 23.

FONTERRA FARMERS are welcoming the co-op's infant formula joint venture in China.

FONTERRA'S DECISION to pump $555 million into Edendale and Lichfield plant upgrades represents a huge vote of confidence in the dairy industry and the provinces.