Displaying items by tag: Fonterra

Fonterra says a revamp of its Farm Source field team won’t change the total number of people working face-to-face with farmers.

A review of Fonterra's Farm Source retail business that could reduce the co-op's face-to-face interaction with farmer shareholders is causing concern.

OPINION: There will be a few happy and relieved Fonterra farrmers in Otorohanga.

Alliance Group is lifting processing capacity by 24% ahead of an expected increase in bobby calf volumes.

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.