Dairy

A2 Milk revenue, profit pushes higher in first four months FY18

[21 November/National Business Review] A2 Milk says both revenue and net profit jumped in the first four months of the current financial year due to strong demand for its infant formula. Revenue increased 69 percent to $262.2 million in the four months ended October 30 from the comparative period a year ago. Net profit more...

Synlait’s $55m Auckland plant doubles canning capacity

[20 November/Stuff] Synlait has a new $55 million blending and packaging plant up and running in Auckland. The new plant put Synlait in a good position to sell increased amounts of infant formula and other products to China. Chief Executive John Penno said the plant gave Canterbury-based Synlait a total canning capacity of 64,000 tonnes....

Farmers watching Beingmate, China Farms performance

[14 November/Rural News] Fonterra farmers are closely following the co-op’s investment into Chinese food company Beingmate, which they see as shaky. Fonterra Shareholders Council Chairman Duncan Coull said that although the performance and return on the initial investment had been poor with stock market issues and regulatory reform, there was significant value yet to be...

$78m savings reflect co-op’s new culture

[14 November/Dairy News] Westland Milk is set to hit a savings target of $78 million says Chief Executive Toni Brendish in the co-op’s latest annual report. The savings are equivalent to $1.20/kgMS for the co-op and its 350 farmer shareholders. Westland Milk has been through a troubled past few years, posting a break-even profit of...

NZX top performer A2 Milk cites ‘pleasing’ start of 2018 FY

[13 November/New Zealand Herald] A2 Milk was the best performing stock on the benchmark S&P/NZX 50 Index this year after its annual profit tripled. The company outlined positive developments in its Australia and New Zealand, China and other Asia, US and UK markets. A2’s shares increased 3.1 percent to $7.64 and increased 248 percent this...

LIC chairman Murray King: ‘Standing still not an option’

[14 November/New Zealand Herald] At the LIC Annual Meeting, LIC Board Chairman Murray King said New Zealand dairy farmers must work to keep their global edge against future disruption. Mr King said the country’s dairy industry is vulnerable to the same technological and innovation disruption that other industries have experienced. Mr King also noted clear...

Oceania plant gets a big boost

[13 November/Farmers Weekly] Investment at the Oceania Dairy processing plant will likely receive a further $200 million, with the potential to triple Oceania Dairy’s milk intake. Oceania Dairy, owned by China’s Inner Mongolia Yili Industrial Group, was commissioning the second development phase, integrating a canning and blending operation for infant formula and two UHT manufacturing...

Westland Milk warned over wastewater

[10 November/New Zealand Herald] Westland milk has acknowledged whitebaiters concerns about wastewater discharge into the Hokitika River. In a statement yesterday, they accepted that their dairy residue was likely responsible for disrupting whitebait fishing nets. The West Coast Regional Council has issued the company with a formal warning. Chief Executive Toni Brendish said that the...

Dairy stays above churn of plant-based substitutes

[2 November/ Radio New Zealand] More consumers are purchasing plant-based milk, yoghurts and cheeses. New Zealand’s two supermarket chains Progressive and Foodstuffs have noticed this and are stocking more plant-based products than ever before. Foodstuffs claim plant-based milk sales had increased 11 percent since August 2016 in its North Island stores. Progressive Enterprises now has...

Dairy farming critic Alison Dewes appointed Landcorp environment head

[6 November/Stuff] State-owned enterprise Landcorp have appointed Veterinarian and Ecologist Dr Alison Dewes to the new position of Head of Environment. Ms Dawes was a finalist for the NZI sustainability champion in 2014, received a commendation for community impact for her work with farmers, and was a finalist in the 2015 Women of Influence Awards...

Fonterra to spend $100 million to lift capacity in Australia

[3 November/New Zealand Herald] Fonterra Chief Executive Theo Spierings unveiled plans to spend $100 million in Australia to relieve bottleneck pressures during the co-operative’s annual meeting in Hawera yesterday. The expansion would provide a further 500 million litres of capacity to its milk-processing plants. Fonterra also reported their priorities for 2018 included protecting its market...

Fonterra to buy into US-based whey protein maker

[6 November/New Zealand Herald] Fonterra Cooperative Group is buying into Columbia River Technologies, an Oregon-based whey protein concentrate and lactose manufacturer. Columbia River Technologies was founded in 2013 as a joint venture between Tillamook County Creamery Association (TCCA) and Threemile Canyon Farms (TCF). Fonterra will now own an equal shareholding of the company. Fonterra views...

Oceania Dairy to invest $200m more

[30 October/Otago Daily Times] South Canterbury-based Oceania Dairy, owned by China’s Yili Group, is planning to build an advanced laboratory and invest at least another $200 million in New Zealand operations. The company is currently in the process of commissioning the second stage of the laboratories development, which involves a canning and blending operation for...

Milligans Food Group joins GDT Marketplace

[30 October/New Zealand Herald] Milligans Food Group, a manufacturer and supplier of ingredients, food products and animal nutrition products, is among three additional dairy ingredient suppliers to join Global Dairy Trade’s GDT Marketplace. Milligans will offer 1kg packaged whole milk and skim milk powder, and powder blends. The other new sellers were Glanbia Ireland and...

LIC must be agile in face of change: chairman

[30 October/New Zealand Herald] Speaking at the Livestock Improvement Corporation’s (LIC) annual meeting in Invercargill, LIC chairman Murray King said New Zealand’s dairy industry was vulnerable to disruption from new technology and innovation. This disruption will require constant adaptation and improvement to LIC’s business portfolio. Cost efficiencies and business growth were seen over the 2016-17...

Eating more dairy foods could boost brain performance

[27 October/Stuff] Mounting evidence suggests that dairy products or probiotics could boost brain performance. An AgResearch team led by Nicole Roy are investigating how to make new products that utilise these benefits. The key is in the two-way communication between the gut and the brain. They will be using new technology to investigate signals from...

NZ dairy companies fear common cheese names might be banned

[30 October/Stuff] New Zealand dairy companies are concerned that using names such as mozzarella and parmesan may be banned. The fears come following the recent registration of the cheese term Danbo as a protected geographic indication (GI), meaning only Danish companies will be able to use it. It is thought the European Union may push...

Saputo buys Australia’s Murray Goulburn for A$1.3b

[27 October/New Zealand Herald] Australia’s largest dairy company, Murray Goulburn, will be bought by Canadian food giant Saputo for AU1.31 billion. Fonterra has expressed interest in the dairy group, which reported a loss of AU37 million for the 2016/17 year. The transaction includes milk supply commitments for Murray Goulburn suppliers totalling about AU114m. Murray Goulburn...

Lewis Road Creamery eyes new products and markets

[24 October/Stuff] Lewis Road Creamery said on Tuesday that new shareholder Southern Pastures had made a significant investment. This would allow Lewis Rd to develop new products and reach new export markets. The exact size of the investment is unknown. However, sources confirmed Southern Pastures bought a 25 percent stake. Lewis Rd founder Peter Cullinane...

A2 milk stops some dairy intolerance symptoms – study

[22 October/New Zealand Herald] New Zealand research has suggested that brand A2 Milk prevents some symptoms of dairy intolerance and eases others. A2 Milk comes from cows that naturally produce only the A2 type of beta-casein protein. Conventional milk contains both the A1 and A2 types of beta-casein. The brand is currently sold in Australia,...

Successes come in threes for Blue River

[22 October/Otago Daily Times] In the space of one week Blue River Dairy has won the Crowe Horwath Primary and Primary Services Sector award, has become registered with the China Food and Drug Administration (CFDA), and was confirmed as one of New Zealand’s fastest growing businesses. Blue River Dairy has expanded into an export-focused infant...

Dairy prices slide amid supply outlook

[18 October/Otago Daily Times] The Global Dairy Trade (GDT) price index fell 1 percent to USD3204 at the Global Dairy Trade auction. This is the sixth time in nine auctions the price has declined, amid bets on sufficient supply. An estimated 35,669 tonnes of product were sold, down from 37,990 tonnes at the previous auction...

Fonterra starts c farmer talks about finalising PKE guidelines

[13 October/ Stuff] Fonterra has begun talks with its farmers about finalising penalties for excessive use of palm kernel expeller (PKE). Fonterra’s Bay of Plenty Farm Source Regional Head Lisa Payne said two penalty options are being presented to Farmers, and Fonterra hopes to finalise an option by the end of 2017, for new guidelines...

Dairy sector challenge: target the right people for our rural workforce

[17 October/ New Zealand Herald] DairyNZ Chief Executive Tim Mackle said young people deserve the opportunity to succeed within the agricultural industry. The dairy sector is calling for a future government to ensure a robust workforce strategy to support skilled workforce growth for the dairy sector. Dr Mackle said a strong long-term plan that aligns...