Posts tagged "Fonterra"

Honour in the face of adversity

[6 January/ NZ Farmers Weekly] A number of primary sector leaders have been recognised in the New Year Honours for their service to the industry.  National President of the New Zealand Rural Support Trust, Neil Bateup, received an Officer of the NZ Order of Merit award for his services to agriculture and the community.  Mr...

Westland Milk – closing the gap on dairy’s big brother

[6 January/ NZ Herald] Following some challenging seasons where Westland Milk Products fell significantly behind Fonterra in payout return, new CEO, Toni Brendish, has set out closing the gap following her appointment in September 2016.  The co-op has focused heavily since Ms Brendish’s arrival on cost cutting and growing revenue and has spent time explaining to...

Global Dairy Trade powder prices up as production forecast falls

[4 January/ Otago Daily Times] The first GDT auction of the year produced a positive result for farmers with the overall index lifting by 2.2%.  The price of Whole Milk Powder performed the strongest recovering 4.25 to USD2,886 per tonne while skim milk powder and butter also showed increases.  The auction saw 25,400 tonnes of...

Fonterra lowers NZ milk collection forecast for this season

[3 January/ National Business Review] Fonterra has advised that it expects to collect 3% less milk from suppliers in the 2017/18 season as dry weather stunts grass growth and lowers milk production.  The co-operative now expects to collect 1,480 million kilos of milk solids in the season compared to expectation in December that milk production...

Mozzarella plant on track for May start

[24 December /Otago Daily Times] Fonterra Operations Manager at the Clandeboye Plant, Steve McKnight, has said that the Co-operative’s $240 million investment into a mozzarella cheese plant at the site is on target for commissioning in May 2018.  The project has already created 75 new jobs and 25 further people will join the Fonterra team...

Fonterra may bring Aussies into the fold

[15 December/NZ Herald] Fonterra Australia has announced that it is looking to formulate a co-operative solution for its Aussie suppliers who at the moment supply the company outside of its co-operative structure. The CEO of Fonterra Australia, Rene Dedoncker, said the Australian business had become stronger as the plant footprint had evolved (including the recently...

Fonterra dairy farm open day part of co-operative’s charm offensive

[11 December/ Stuff] Fonterra has launched their ‘Opening Our Farm Gates’ campaign in an attempt to change the perception urban New Zealanders have of dairying and water quality. Part of the campaign involved opening two Manawatu dairy farms to the public over the weekend, with around 240 people visiting. Dairy Industry Chairman, Chris Lewis said...

Fonterra seeks 3b litres more NZ milk 2025

[8 December/ National Business Review] Fonterra said it would need an extra 3 billion liters of New Zealand milk production to reach its 2025 growth targets. The company collected 19 billion liters of liquid milk equivalent in 2017, but wanted to boost that to 22.5 billion liters by 2025. Fonterra said this could be done...

Fonterra cuts its milk price forecast

[7 December/ Stuff] Fonterra has decreased its forecast payout for the 2017-18 season by 35 cents to $6.40 per kilogram of milk solids. Based on DairyNZ production figures of 1.85 billion kilograms of milk over the season, the 35 cent decrease equated to lost income of $647 million for farmers. For the average farmer milking...

Fonterra maintains its S&P ratings following $183m damages decision

[4 December/ Stuff] Fonterra has maintained its S&P Global Rating despite being ordered to pay $183 million in compensation to Danone for losses suffered after products had to be recalled following a botulism scare in 2013. S&P said Fonterra had enough liquidity to cover the payment and it believed the company had appropriately addressed its...

Jim van der Poel elected as new DairyNZ chairman following death of Michael Spaans

[23 November/ Stuff] Waikato Dairy Farmer, Jim van der Poel has been elected the new chairman of Dairy NZ. Mr Poel was a director of Fonterra and New Zealand Co-operative Dairies. Mr Poel would replace Michael Spaans, who died earlier this week after a long illness. Mr Poel said Mr Spaans was a skilled, dedicated...

Analysts expect Fonterra to lower its forecast payout before Christmas

[23 November/ Stuff] Federated Farmers remained optimistic that Fonterra’s forecast price of $6.75 per kilogram of milk solids would be maintained in December, unlike most other analysts who believed it would decrease to around $6.50 per kilogram. If the price did decrease to this level, it would mean a reduction of almost $500 million for...

Farmers nervous as milk prices slide

[22 November/ Radio NZ] The latest decrease in global milk prices has made dairy farmers dissatisfied and anxious. Whole milk powder was at its lowest level since October 2016 after a 2.7 percent decrease at the Global dairy trade auction to USD2778 per tonne. Whole milk powder prices determine farmer pay-out, and most needed USD3000...

Federated Farmers back Fonterra

[16 November/New Zealand Herald] Federated Farmers are supporting Fonterra’s push to achieve zero carbon dioxide emissions both in New Zealand and globally. Federated Farmers Climate Change Spokesperson Andrew Hoggard said that the issue of reducing emissions was not limited to NZ and that he would like to see the government match the additional resources Fonterra...

Fonterra launches charm offensive on water quality

[20 November/New Zealand Herald] Fonterra has launched a television campaign to showcase how farmers have upped their game in efforts to improve water quality. The move comes after water quality emerged as a key issue during September’s general election. Miles Hurrell, Chief Operating Officer of Fonterra Farm Source, said that there was a greater focus...

DairyNZ, Fonterra pay tribute after death of Michael Spaans

[21 November/New Zealand Herald] DairyNZ and Fonterra have paid tribute to recent DairyNZ Chairman and Fonterra Director Michael Spaans, 54, who has passed away. Mr Spaans, a Te Aroha farmer, had a successful career in the industry. He served on the DairyNZ board from 2008 before being elected as Chairman in 2015. He also served...

AgResearch: Foods of the future to boost brain

[10 November/New Zealand Herald] AgResearch scientists are working on programmes that have been awarded more than $21 million from the Ministry of Business, Innovation and Employment’s Endeavour Fund. Projects include investigating the potential for future foods to improve brain performance via the gut-brain axis. Programme Leader Dr Nicole Roy explained that our guts influence our...

A food future of lab grown steaks and yeast brewed milk

[10 November/Stuff] Tarata farmer Bryan Hocken says the synthetic meat revolution is another challenge for the dairy industry. However, he is not worried. He points out that in New Zealand animals are farmed outdoors all year round and grow fat on a diet dominated by grass. It’s as natural as large-scale farming gets. He believes...

Sectors differ on ETS inclusion

[13 November/Farmers Weekly] The dairy and forestry sectors have offered contrasting views on how they should be treated in emissions trading as the Productivity Commission considers submissions to its low emissions economy inquiry. The inquiry identifies how New Zealand could decrease greenhouse gas emissions and retain economic wellbeing. Fonterra’s submission highlighted the country’s relative carbon...

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...

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...

Kiwis united on water quality, Fonterra chairman says

[6 November/Stuff] Fonterra Chairman John Wilson spoke at the dairy co-operative’s annual meeting on Thursday on the myth of the rural-urban divide when it comes to water quality. He confirmed that farmers were just as committed to achieving swimmable rivers as anyone else. He was disappointed that the supposed divide had been leveraged for political...

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...