Displaying items by tag: Fonterra

Northland community leaders gathered at Manaia View School in Whangarei yesterday to celebrate the first day of the Fonterra Milk for Schools programme.

FONTERRA CAN generate cash from within its business to finance growth but needs a stable capital base to do this, says chief executive Theo Spierings. He says TAF (trading among farmers) will ensure a strong capital base for Fonterra.

FONTERRA'S PROPOSED 'shareholders fund' will control up to 8% of Fonterra worth up to $500 million.  The fund is a solution to a hole in Fonterra's balance sheet caused by redemption risk.

Rabobank says strong global supply is weighing on the dairy market, with international dairy commodity prices down across the board.

Fonterra's decision to drop its 2011-12 forecast payout by 15c/kgMS demonstrates the trade exposed nature of our primary industries, says Federated Farmers Dairy chairman Willy Leferink.

Fonterra is reducing its 2011-12 forecast payout by 15c/kgMS as a result of declining commodity prices and a soaring Kiwi dollar.

The biggest silo ever made in a New Zealand workshop and transported in one piece rolled out of the Mercer Stainless manufacturing plant in Christchurch early this morning.

More than 10,000 Northland students will enjoy a daily drink of milk from March 19 as Fonterra Milk for Schools rolls into town.

Following Federated Farmers Dairy Council last week, the federation's dairy executive and Fonterra board are to meet.

All hands are on deck today at Fonterra Brands New Zealand's (FBNZ) Takanini site as the first Fonterra Milk for Schools packs make their way down the production line and into the coolstore to wait for their ride to school.