Displaying items by tag: Fonterra

Westland says discussions with interested parties centered on a competitive milk price, milk pick-up and a fair value for co-op shares.

Fonterra claims it remains on track to reduce debt by $800 million this financial year.

OPINION: With most of New Zealand gripped by recent events in Christchurch, a huge week in our dairy industry passed with little media coverage.

A Collingwood dairying couple is calling for formal recognition of healthy human relationships and wellbeing as quantifiable benchmarks in dairy farming.

Fonterra says its improved milk price reflects strong global demand relative to supply.

Fonterra farmers are emotional but realistic about losing some iconic business units — notably Tip Top, says Fonterra Shareholders Council chairman Duncan Coull.

In a follow-up to this old mutt’s piece two issues ago about Fonterra directors getting to grips with the co-op’s financial state and loudly sharing their dismay in the Koru club, another of the Hound’s spies has passed on more news in the ‘Fonterra director watch’ category.

Fonterra says there’s an urgent need to improve return on capital invested in the co-op by farmers and unit holders.

Fonterra has taken a $126 million hit over the sale of its stake in Venezuelan consumer joint venture, Corporacion Inlaca.

Fonterra is pulling out of a European joint venture as part of its portfolio review following last year’s disastrous financial results.