Displaying items by tag: Fonterra

Fast-food giant McDonalds spent a record $598 million last year on New Zealand milk, cheese, and other primary industry ingredients.

Fonterra farmer shareholders always look to their co-operative to pay them the highest sustainable milk price, and understandably they ask questions when they see global differences in milk price, says Co-operative Council chair John Stevenson.

Fonterra is paying Australian farmers $1.50/ kgMS more than its New Zealand suppliers, but the co-operative’s farmer shareholders aren’t fazed.

A shrinking milk pool in Australia is forcing major processors, including Fonterra, to outbid each other and secure farmer suppliers for the new season.

Fonterra has lifted its monthly advance rate paid to farmer suppliers by 30c/kgMS for the next six months but that may not be enough for many farmers.

Fonterra has unveiled details of its $800 million capital return to farmer shareholders and unitholders.

Fonterra is upping its game in nutrition science, announcing a new corporate ventures arm and a US$10 million investment in US biotech company Pendulum.

Farmers have been told that an opening forecast milk price of $8/kgMS this season hinges on China’s demand for whole milk powder (WMP) bouncing back.

Reduced short-term demand from China is impacting farmgate milk price, says Fonterra.

Fonterra has made a bumper third quarter profit on the back of soaring cheese and protein prices.