Displaying items by tag: Fonterra

Waikato dairy processor Tatua has announced a final payout of $7.50/kgMS for 2011-12, easily beating Fonterra.

FONTERRA CHIEF executive Theo Spierings is expected to announce this week that the co-op’s annual revenues have for the first time exceeded $20 billion. The achievement caps Spierings first year at the helm of the co-op. 

Fonterra Shareholders' Council chair, Ian Brown says the decision by the Fonterra Board of Directors to retain the services of Henry van der Heyden and Ralph Waters into 2013 would provide stability for the introduction of Trading Among Farmers (TAF).

Fonterra is considering consolidating brands to arrest a decline in its Australian business.

CONVERTING A beef property to a robotic dairy while operating a diversified farming business down the road has made life hectic for young Tasmanians Marcus and Zed Crowden.

Fonterra welcomes the decision of the Commerce Commission to approve the acquisition of the assets of the New Zealand Dairies Ltd group in South Canterbury.

Nominations for the 2012 Fonterra Elections open today (September 10).

Fonterra has gained Commerce Commission clearance to acquire the dairy processing assets of New Zealand Dairies Limited (in receivership). New Zealand Dairies processes raw milk at its Studholme factory near Waimate.

"Comparing the acquisition by Fonterra to the scenario where another bidder would acquire NZDL's assets, the commission is satisfied that the acquisition would not be likely to result in a substantial lessening of competition," says Commerce Commission chair Dr Mark Berry.

FONTERRA EXPECTS the current squeeze in global milk supply to lift dairy prices in coming months. 

Fonterra has welcomed the Commerce Commission's release of its final report on the dry run review of how Fonterra sets its farm gate milk price.