World News
Fonterra aiming to be the number one player in the Chinese dairy market
Fonterra aims to become the number one dairy player in the Chinese market, according to its CEO, Theo Spierings. Speaking...
Fonterra
Agri-Business
Fonterra to sell its 50% stake in US joint venture
Fonterra is to sell its 50% interest in Dairiconcepts, the co-ops US joint venture with Dairy Farmers of America (DFA)....
Dairy
Fonterra increases its forecast earnings per share
Fonterra is increasing its forecast earnings per share, which will increase its total forecast cash payout to $4.95-5.00/kg of milk solids (MS). The...
Dairy
Fonterra hits milk production peak, but it's back on last year
Fonterra hit its seasonal milk production peak on October 22, 2015 with 86.9m litres of milk being processed on that...
Agri-Business
Fonterra's credit rating downgraded... again
Fonterra’s credit rating has been downgraded for the second time in two weeks, this time by Fitch Ratings to A...
Dairy
'There was nothing to suggest Global Dairy Trade would fall' - So what happened?
Overall dairy prices fell 3.1% at this week’s Global Dairy Trade auction, following a combined lift of 63% over the...
Dairy
Fonterra's milk deliveries down almost 9% in September
Fonterra’s milk collection across New Zealand in September was 8.7% lower than September last year and for the four months...
Dairy
Fonterra's credit rating downgraded by Standard and Poor
Fonterra’s credit rating has been downgraded by rating agency Standard and Poor from A to A-. In response, Fonterra’s Chief Financial...
Agri-Business
Cost cutting boosts Fonterra profits to €280m
In its annual results Fonterra Co-operative Group has announced a net profit after tax of $506 million for the financial...
Dairy
New Zealand dairy farmers get boost as Fonterra increases its forecast payout
Fonterra is lifting its forecast total available for payout for the 2015/16 season and also signaled that milk production will...
Dairy
'New Zealand milk output could fall by up to 10% in the coming months'
New Zealand’s milk output could fall by up to 10% over the coming months, according to Rabobank dairy analyst Kevin...
Dairy
New Zealand milk production could fall further than expected
Fonterra has maintained its milk volume forecast for the 2015-16 season in the range of 2-3% lower than the amount collected...
Dairy
Fonterra sees huge interest in interest-free loans
Approximately 1,300 New Zealand dairy farmers have applied to Fonterra for its interest-free loan initiative within the first three days....
Agri-Business
Great fall of China hits Kerry Group's Chinese partner Beingmate
Beingmate Baby and Child Food company shares have fallen to their lowest since February 2013 after what is being dubbed...
Dairy
Fonterra to cut significantly the volume of product sold on GDT
Fonterra is significantly reducing its GlobalDairyTrade (GDT) offer quantity forecasts for the next 12 months. Since its inception in 2008...
Dairy
No government dig out for struggling Kiwi dairy farmers
Dairy farmers in New Zealand will not be offered special financial support from the New Zealand government, despite facing significant...
Dairy
US dairy giant quits Global Dairy Trade
Land O’Lakes – the fifth largest dairy in the US – has quit the Global Dairy Trade (GDT) after just...
Dairy
9 out of 10 Kiwi dairy farmers to take on extra debt this year
Fonterra’s announcement that its 2015-16 Forecast Farmgate Milk Price is reducing from $5.25 to $3.85 means a further reduction of $150,000...
