Displaying items by tag: Fonterra

A 60-year-old Auckland businessman has today been charged in connection with the criminal blackmail threat to poison infant formula with 1080, made public in March this year.

Global Dairy Trade prices are coming back relatively quickly and Fonterra expects whole milk powder prices to keep climbing over the next six months, says Fonterra chairman John Wilson.

Fonterra advice on using palm kernel extract (PKE) has caused a stir amongst farmers throughout the country.

Most of the major banks are predicting a drop between 4% and 8% – much higher than Fonterra's current forecast of a 2-3% fall.

The US dairy interests will realise within five to 10 years they got it wrong by opposing dairy tariff removal in the Trans Pacific Partnership (TPP) negotiations, says Fonterra chairman John Wilson.

Small Waikato milk processor Tatua's payout has again left other dairy co-ops trailing behind.

Low milk prices have not only affected farmgate returns in New Zealand, they blew a $44 million hole last financial year in Fonterra's China farm business.

Fonterra chair John Wilson says there has been “a complete misunderstanding” over the pay increase for the co-op’s chief executive.

Fonterra is being urged not to force restrictions on the use of palm kernel expeller (PKE) without consulting farmers.

Fonterra and the Dairy Companies Association of New Zealand (DCANZ) heads are both disappointed in the Trans Pacific Partnership (TPP) agreement on dairy but there are "useful gains".