Displaying items by tag: Fonterra

Will the acceptance of a pay cut by Fonterra boss Theo Spierings solve the dairy industry’s problems? as suggested by Labour primary industries spokesmen Damien O’Connor.

Fonterra farmers want the co-op to spell out the impact of its struggling Australian business on shareholder returns.

Fonterra's 10,500 farmer shareholders got hit by a double whammy last week.

Fonterra has started consulting staff on proposals to streamline its business. The co-op is likely to shed hundreds of jobs as part of the review.

Fonterra's Australian suppliers are being paid more than a dollar extra than the co-op owners for every kgMS supplied to the co-op this season.

In recent months we’ve seen speculation from some commentators on the uncertain future of co-operative dairying in New Zealand – in which private companies and foreign investment trumps generations of local market expertise and value add is lost in the margins. 

Fonterra has announced a best-guess payout forecast of $5.25/kgMS for 2015-16. The bigger surprise was the final payout for 2014-15 of $4.40/kgMS, down another 10 cents. 

Fonterra has set the June guaranteed milk price (GMP) at $5.25/kgMS, matching its opening price for this season.

Spin and corporate drivel are not the way to connect with dairy farmers who are going through tough times.

Are dairy farmers responsible for providing breakfast to needy children? We don’t think so.