Dairy

Tip Top sale: Fonterra sells ice cream company to dairy giant Froneri

[13 May/The Country] Fonterra Co-operative Group has sold Tip Top to global dairy giant Froneri for $380 million. Froneri is the second largest manufacturer of ice cream in Europe. The sale of Top Top represents a gain of around $100 million above book value, the agreed settlement date is 31 May 2019. Fonterra CEO Miles...

Sweet-tooth pain as ice cream and chocolate prices hit records in April

[13 May/The Country] Prices of chocolate and ice-cream hit record highs in April. The average price for a 2 litre tub of ice cream reached a record $6.36 in April versus $5.54 a year earlier. Overall New Zealand food prices rose an annual 1 percent in April. The 1 per cent annual rise in food...

Court rules dairy factory in breach

[10 May/Farmers Weekly] Synlait remains committed to its $250 million Pokeno factory despite a court decision that means the plant was built in breach of covenants restricting use of the land. The company believes it can find a solution to the ownership position. The company says it has acted in accordance with legal advice at...

Synlait shares dive after unfavourable court decision on Pokeno

[10 May/The Country] The Court of Appeal have ruled that Synlait’s Pokeno factory was built in breach of covenants on the land. When Synlait purchased the 28 hectares of land in February 2018 it was conditional on the seller, Stonehill Trustee, procuring the removal of the covenants on the land which restricted its use to...

Speculation over opening forecasts for new dairy season

[07 May/The Country] Opening forecasts for the 2019-20 dairy season are due to be announced over the coming weeks. Rabobank is expecting a milk price of $7.15kgms for the new season beginning on 01 June. Commodity prices remain elevated as the supply crunch continues, with the United States milk supplies being 0.4 percent lower for...

Chinese demand still strong

[03 May/Farmers Weekly] China’s dairy demand is steady, and customer feedback is strong according to Miraka Chief Executive, Richard Wyeth. Mr Wyeth expects commodity prices to remain steady for the season ahead, with Chinese demand for New Zealand dairy products continuing to grow. Miraka exports all of its UHT liquid milk and around half of...

Dairy trends flow down Lewis Road

[02 May/Farmers Weekly] Peter Cullinane, Founder of Lewis Road Creamery reports that eight key trends in dairy nutrition will be driving consumption now and in the future. This was in response to the trends published last week by market researcher Justin Mellentin, of the consultancy New Nutrition Business in London. The key trends are protein,...

a2 Milk on track to keep momentum

[02 May/Rural Life] The a2 Milk Company is on track for continued momentum during third quarter trading due to strong growth and increasing market share in key regions. Infant formula market share in China rose from 5.4% to 6% whilst the same product’s value in Australasia rose from 35.7%to 36.8%. US liquid milk distributors rose...

MPI investigating lack of milk allergen warning on dairy-free Magnums

[26 April/Stuff NZ] The Ministry for Primary Industries is investigating into why Magnum dairy-free ice creams sold in New Zealand do not warn of potential cross contamination with milk whilst the same ice creams in Europe do. Under European rules, precautionary allergen labelling statements should be used only when the risk of cross-contamination was “real...

$7/kg to start new season

[18 April/Farmers Weekly] Dairy Farmers will go into the new season optimistic in regards to the milk price following the tenth consecutive rise in Global Dairy Trade results. Rabobank dairy analyst Emma Higgins has called a bold $7.15/kg opening forecast for next season, up from $6.65/kg this season. Stagnant global milk supply and demand for...

Co-op fencers help after Coast flood 

[18 April/Farmers Weekly] An emergency response team from Fonterra Co-operative, spent two weeks restoring fences on West Coast farms following last month’s storm. The team of five were selected because of their general farming backgrounds, fencing skills and ready availability away from their usual work. The Fonterra team consisted of plant operators and tanker drivers...

Chinese muddy bun demand poised push up price of butter

[17 April/Stuff NZ] Butter prices lifted for the tenth consecutive time during the latest Global Dairy Trade auction, up 42 percent since the start of the year to US$5544/t. Increased Chinese demand means prices in New Zealand will be pushed up due to a low supply. The price hike will not start to hit New...

No current plans to expand a2 Milk south

[17 April/Rural Life] Fonterra Co-operative’s partnership with the a2 Milk Company is unlikely to impact on dairy farmers in the South Island for a decent amount of time. Fonterra announced that they are confining its a2 processing to a single site in the North Island. At present only 100 farms are supplying the a2 Hautapu...

Rewards for top quality milk

[16 April/Rural News] Farmers who supply high quality and safe milk to Fonterra Co-operative will now be recognised. Its new programme The Cooperative Difference will award farmers plaques, certificates and publicity in the co-op’s publications. Fonterra is also signalling a tougher stance on farmers who persistently fail to meet minimum standards of sustainability as it...

Farmer forums kick-off

[16 April/Rural News] DairyNZ Farmers’ Forums start on 17 April in Timaru with the agenda focusing on dairy’s future and opportunities. Speakers will explain developments in New Zealand and overseas, how they may impact local farmers and how farmers can prepare with confidence. Six forums will be held NZ-wide for the next six weeks. Agriculture...

Genetics demand on new tack

[10 April/Farmers Weekly] Dairy farmers are faced with many new but proven sires and breeding options and semen packages from LIC and CRV Ambreed this year. The release of their 2019 genetics catalogues highlighted trends in dairy cattle breeding, including more emphasis on milk fat, A2 protein milk, facial eczema tolerance, low nitrogen, short-gestation, calf-rearing...

Fonterra wins ruling over ‘Dairy for life’ trade mark

[08 April/Stuff NZ] Fonterra has won a trade mark law case against Oamaru company Milligans over its use of the term Dairilife.  The term used by Miligans is similar to Fonterra’s ‘Dairy for Life’ wording. Fonterra took the case to the Intellectual Property Office who ruled that there was a high level of similarity. Fonterra...

Fonterra strategy themes emerge

[05 April/Farmers Weekly] Brent Goldsack, Director of Fonterra Co-operative announced the company’s strategic review is under way and themes are emerging. Fonterra is planning for future generations with its first theme being that Fonterra is a globally competitive NZ co-operative. The second theme places sustainability at the heart of everything the company does. Third is...

Southland farm’s raw milk a hit

[03 April/Rural Life] Dairy farmers Geoff and Beth Henderson have a farm near Pukerau , providing unpasteurised, unhomogenised raw milk.   Customers seeking unpasteurised and unhomogenised raw milk are delighted, but the paperwork and compliance requirements are comprehensive. The Henderson’s’ own a 130ha, self-contained property with 280 cows, including about 25, selected A2 DNA-tested cows, which...

More fresh milk flying to China

[02 April/Farmers Weekly] New Zealand is proving to be a key source for air-freighted fresh milk as Chinese consumers continue to move up the food value chain adding fresh, chilled dairy products to their diets. Subsidiaries of Theland and Oravida have leveraged off New Zealands grass-fed, free range reputation and established solid beachheads over several...

Fixed milk price details given

[29 March/Farmers Weekly] Fonterra Co-operative farmers will be offered a fixed milk price (FMP) option for the first time on June 10 and 11, after the Global DairyTrade auction. The new scheme will operate monthly for up to seven months in the initial season followed by three 2021 pre-season opportunities. Farmers can apply to fix...

How American ice cream brand Halo Top became a US$2 billion dessert company

[29 March/The Country] Many new ice cream brands including Halo Top have entered New Zealand’s markets in the past few years. This is due to New Zealand having one of the highest ice cream consumption rates in the world. Halo Top is the newest brand entering the market, being released in September and in the...

New dairy channels signed up

[29 March/Farmers Weekly] Open Country Dairy (OCD) will sell its organic whole milk powder directly to Chinese consumers using QEX Logistics as its distributor. QEX Logistics assists with packaging, storing, customer’s clearance and delivery of product. QEX Logistics have recently signed a similar agreement with French dairy giant Danone. Meanwhile, Global Dairy Trade has signed...

Expansion soon at Yili’s Oceania plant

[28 March/Rural Life] Yili is increasing expansion at its Morven plant in South Canterbury, by offering daily worker buses from Timaru and Oamaru. Oceania is going to undergo further expansion which is predicted to increase staff numbers from 300 to 400. Richard Hickson, Oceania’s Interim Manager stated that staff buses is a way to attract...