Dairy

Fonterra recalls milk batches after complaints over funny taste

[16 June/ NZ Herald] Fonterra has recalled several batches of its blue top milk bottles after lower North Island consumers reported a funny flavour. Fonterra Brands Managing Director Leon Clement said there was no safety risk, but Fonterra have removed the affected milk from their supply chain and will be investigating. Mr Clement encouraged customers...

Westland’s milk price boosts confidence

[13 June/ Dairy News] Westland Milk Products has announced an opening milk price for the 2017/18 season of between $6.40 and $6.80 per kilo milksolids. The price is seen as an indicator that the company is back on track. Bad weather and low payouts have seen the company’s milk collection fall 5.7% in the season...

Fat tests to limit palm kernel

[12 June/ The NZ Farmers Weekly] Fonterra has planned to discourage feeding of high levels of palm kernel to cows. Starting next season, a demerit system based on a six-day average fat evaluation index will be printed on the tanker docket for each milk pick-up. Since April all suppliers had been notified of their FEI...

Lewis Road Creamery proves New Zealand’s future lies beyond commodities

[8 June/ Stuff] Lewis Road Creamery Founder Peter Cullinane said New Zealand’s creative potential had not been fully realised, and the country should be focusing on being the best at making products no one else does instead of missing opportunities. Mr Cullinane said his company’s butter took two years to develop, and his keenness to...

Demand pushes butter prices to record high

[8 June/ Otago Daily Times] Butter prices reached a record high of USD5631 per metric tonne in this week’s GlobalDairyTrade auction. Overall dairy prices lifted 0.6 percent, and the key whole milk powder price fell 2.9 percent. Anhydrous milk fat prices fell 1.2 percent from a record high. ASB Senior Rural Economist Nathan Penny said...

Fonterra positioned as benchmark price setter in Australia

[6 June/NZ Herald] Fonterra is positioned to become the key milk price-setter in Australia after Murray Goulburn set its opening milk price for this season below the range indicated by Fonterra. Murray Goulburn set its opening farmgate milk price for 2017/18 at AUD4.70 per kg of milk solids, down from AUD4.95 per kg set for...

Synlait purchases New Zealand Dairy Company

[30 May/ Dairy Reporter] Synlait Milk has purchased 100 percent of the shares of The New Zealand Dairy Company (NZDC). NZDC is constructing an infant formula capable blending and canning operation in Mangere and will allow Synlait to increase its blending and canning capacity substantially. The acquisition will provide Synlait with a high specification sachet...

Fonterra upgrades forecasts, sees a more stable outlook for milk prices

 [24 May/ NZ Herald] Fonterra Chief Executive Theo Spierings said world dairy markets are stabilising after a few turbulent years. Fonterra increased its current season forecast to $6.15 per kg of milk solids from $6.00. Fonterra’s $6.50/kg opening forecast for 2017/18 is due to its confidence in the market outlook. Economists see the price ending...

A $7 payout on the cards?

[23 May/ Rural News Group] While current GDT price increases are pointing towards a $7 per kilogram milk payout for the new season, Senior Economist at the BNZ, Doug Steel, says he would not expect Fonterra to announce such a price this week as it is very early days for predicting how the 2017/18 season...

Dairy product prices continue climb

 [17 May/ Otago Daily Times] Dairy product prices rose at the Global Dairy Trade auction, increasing for the fifth consecutive time. The GDT price index increased to USD3,313 being a 3.2 percent gain from the previous auction two weeks ago. 21,236 tonnes of product was sold, compared to 22,633 tonnes at the previous auction. Whole...

Miraka expands with Malaysia deal

[17 May/ Dairy Reporter] New Zealand’s first Maori-owned milk company, Miraka, has signed an MUO with Malaysian food distribution business Storiiu to supply their flagship product Whai Ora. Whai Ora is a range of all-natural food smoothies with a blend of fruit, vegetables, milk, honey and oats, with the milk supply coming from 100 local...

Fonterra introducing trial weather stations for dairy farmers

[15 May/ Dairy Reporter] Fonterra has announced that it will be working with farmer shareholders to trial a new weather technology that is hoped to bring greater precision to farmers. The co-operative is working with Metservice and Bloomsky (a smart camera based hyperlocal weather station solution) to provide more detailed forecasting and seasonal insights to...

Canterbury farmer is the Fonterra Dairy Woman of the Year

[12 May/ Business Day: NZ Farmer] Rakaia Dairy Farmer and Fonterra Shareholder Councillor, Jessie Chan-Dorman has been announced as the Fonterra Dairy Woman of the Year. Ms Chan-Dorman was a director of the Ashburton Trading Society and was on the Holstein Friesian New Zealand External Affairs committee. Dairy Women’s Network Chief Executive, Zelda de Villiers...

Dairy economist Nathan Penny recommends change to milk price system

[11 May/ Business Day: NZ Farmer] ASB Rural Economist, Nathan Penny said Fonterra should introduce a quarterly based milk price system in order to reduce price volatility and decrease the risk of farmers going out of business. Mr Penny added that if farmers knew what price they would be paid at the end of the...

Fonterra offers sweeteners to Oz milk suppliers

[10 May/ Rural News] Fonterra has announced that its Australian suppliers would receive between AUD 5.70 and AUD 6.10 per kilogram of milk solids in the new season commencing 1 July 2017. Fonterra Australia Managing Director, Rene Dedoncker said the co-operative would announce its opening payout for the season in the coming weeks to allow...

Dairy prices rise again at latest auction

 [4 May/ Otago Daily Times] Dairy prices have reached their highest level since early February, increasing 3.6 percent in this week’s GlobalDairyTrade auction. Whole milk powder prices increased 5.2 percent and strong demand for milk fat increased anhydrous milk fat and butter prices. Skim milk powder decreased 0.9 percent. Westpac Economist Sarah Drought said dairy...

Fonterra faces potential bill of $64m to Aussie farmers

 [4 May/ Stuff] Fonterra could owe its Australian farmers $64 million due to a 2012 milk supply contract and has been threatened with a class action if the dairy giant does not voluntarily pay. Fonterra is legally obliged to match or top the farmgate price paid to farmers by its rival, Murry Goulburn, under its...

Synlait Milk gets FDA ‘GRAS’ notice for lactoferrin

 [27 April/ NZ Herald] Synlait Milk has advised that the US Food and Drug Administration has issued a Generally Recognised As Safe (GRAS) notice for lactoferrin, which means the product can be used as an ingredient in the grass fed infant formula that Munchkin, its US partner, is planning to launch this year.  Lactoferrin is...

Infant formula driving A2

 [27 April/ Otago Daily Times] The A2 Milk Corporation has forecasted an almost 50% gain in annual revenues in the current financial year driven by Australian and Chinese demand for A2 Milk’s Platinum infant formula.  The company has struck an agreement with Synlait to lift the production schedule for the rest of the year and...

Flavoured milk powders make debut

 [26 April/ Otago Daily Times] Singapore based milk powder blending manufacturer, Asian Blending, has announced that it will be offering chocolate and vanilla flavoured milk powders through GlobalDairyTrade.  The company has been a long standing buyer on GDT and are now as a seller, a company spokesperson said, that they had chosen to use GDT...

Global dairy prices rise again

[19 April/ Radio New Zealand Rural] The latest GlobalDairyTrade auction resulted in the average price increasing 3.1% of USD3,139 per tonne, the third consecutive increase.  The key Whole Milk Powder gained 3.5% to USD2,998 per tonne while skim-milk powder, butter and cheddar cheese prices also made gains overnight.  Rabobank analyst, Emma Higgins, said global dairy...

NZ farmgate milk price may lift next season as Chinese demand improves, Rabobank says

[18 April/ National Business Review] New Zealand dairy farmers are expected to receive a higher payout next season as global output remains low while Chinese demand increases, controlling prices. Rabobank forecast a farmgate milk price close to $6.25 per kilogram of milk solids for the upcoming season, ahead of Fonterra’s $6/kgMS forecast for the current...

Futures market picking milk powder price rise

[15 April/ New Zealand Herald] Futures market pricing is expecting a sharp increase in whole milk powder prices at this Wednesday’s GlobalDairyTrade auction. Whole milk powder prices increased higher in NZX futures trading this week, with traders betting on a cut back on production next season due to heavy rain. Dairy Futures Broker at OM...

Fonterra’s $240 million cheese plant expansion

[14 April/ New Zealand Herald] Fonterra is investing $240 million to expand its Clandeboye site and increase the plant’s production of mozzarella cheese for the global market. The new development will cover about 9000 square metres, making the factory 30 percent larger, creating an expected 100 new jobs, and will double the site’s mozzarella production....