Posts tagged "Fonterra"

Success in its rawest form

[31 May/Farmers Weekly] Northland sharemilkers Guy and Jaye Bakewell’s ingenuity is allowing them to help pay off their dairy cows faster whilst capitalising on consumers’ growing demand for raw, untreated milk. Four days a week in Auckland’s inner-city suburbs, a truck delivers raw milk in glass bottles to residents. For Mr and Mrs Bakewell, their...

Fonterra delays compliance date

[30 May/Farmers Weekly] More than 2000 Fonterra farmers have been offered a four-month extension to comply with their 2019-20 shareholding requirements. The reasons for this extension include significant financial pressure on farmer’s balance sheets due to Fonterra’s lower share value of around $4.20 and the impact of stringent lending criteria for farmers by banks. Farmers...

Synlait and Tatua lift milk price for the new season

[28 May/Stuff NZ] Synlait has lifted its opening price to farmers for the 2019-20 season to $7 per kilogram of milk solids, but Tatua has gone one better to $7.50. By contrast, last week Fonterra offered a range of between $6.25-$7.25 per kg/MS for the new season, citing the difficulties of forecasting accurately 15 months...

Small rise in winter milk

[15 May/Farmers Weekly] Winter milk pick-ups by Fonterra Co-operative Group have begun in Waikato, Northland and Canterbury. The contract season runs from 16 May to 15 July in the North Island and from 01 June to 31 July in the South Island. 850 supply farms have winter contracts with Fonterra for specified amounts to ensure...

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...

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...

1080 blackmailer Jeremy Kerr’s plans for beekeeping business

[31 March/Stuff NZ] Jeremy Kerr, who attempted to blackmail the Government into banning 1080 to boost sales of his own poison has been developing and preparing to operate a beekeeping business with another person whilst in prison. In November 2014, Mr Kerr sent letters to Fonterra and Federated Farmers threatening to release 1080 into baby formula,...

Fonterra had talks with Westland

[22 March/Farmers Weekly] John Monaghan, Fonterra Chairman, reports that he is concerned to see the potential demise of Westland milk and welcomes any West Coast or Canterbury dairy farmers who want to switch supply. Mr Monaghan stated that it is important to bring profits back to New Zealand however when asked about further Chinese ownership...

Fonterra gives little detail on direction change

[20 March/Farmers Weekly] Fonterra Co-operative Group’s interim result for this financial year show an $80 million profit on revenue of $9.7 billion contrasting with Synlait’s half year profit of $37 million on revenue of $471 million. Fonterra’s revenue is down 1 percent but profit is up 123 percent on last year’s loss, whilst EBIT decreased...

Fonterra jobs go in shakeup but details under wraps

[15 March/Otago Daily Times] As a part of Fonterra’s “back to basics” organisation restructuring programme, some redundancies have been made. A spokesperson spoke on the matter, describing that the situation was not to do with numbers, but on creating more efficient teams within the organisation. The company last year recorded its first annual loss of...

Fonterra business graduate named Northern FMG Young Farmer of the Year

[18 March/The Country] James Robertson, a 22 year old Fonterra graduate has been named the Northern FMG Young Farmer of the Year.  The event saw eight finalists complete a series of modules, including a fast-paced agri-knowledge quiz. The p contest has undergone a major overhaul since marking its 50th anniversary in Invercargill last year to...

First-year student discusses future of food with industry’s best

[12 March/Massey University] Fatima Imran, a first year completing a Bachelor of AgriCommerce at Massey University will join a panel to discuss the future of food production in New Zealand with industry leaders. AgResearch Future Feeders is a headline event of New Zealand AgriFood Week. Fatima Imran says she is not worried about the other...

Fonterra keen for a slice of a2

[11 March/Rural News] The a2 Milk Company and Fonterra Co-operative Group are continuing to partner as new commercial opportunities come to existence. Jayne Hrdlicka, Managing Director and Chief Executive of a2 Milk states the company has significant future growth plans, with the first step focusing on building the milk pool growth in Australia and New...

NZMP picks top 5 dairy trends for 2019

[27 February/Dairy Reporter] NZMP, global ingredients brand of Fonterra, has released its top five dairy trends for 2019 based on various global food and nutrition research providers. The trends include digestive wellness, focusing on the publics increasing awareness of microbiome science and its effects on overall health and wellbeing. Awareness has increased demand for products...

Fonterra takes stake in alternative protein start-up

[27 February/Rural News Group] Fonterra Co-operative Group has invested in a minority stake in Motif Ingredients, a US-based food ingredients company developing plant-based or cell-grown animal products including milk. Motif has been established by Ginkgo Bioworks, one of the world’s leading organism companies. Motif will use biotech experts to combine genetic science and fermentation technology...

A2 Milk set to report another bumper profit as China fears loom

[18 February /NZ Herald] The A2 Milk Company (‘A2 Milk’) is reporting its first half result on Wednesday 20th February. Expectations are that earnings will increase to around $200 million, up 39% on the previous period with this partly due to the company’s success in China’s infant formula market. Turnover is expected to reach $600...

Open Country challenges validity of Fonterra’s milk price

[18 February /NZ Herald] Open Country Dairy is questioning the way that Fonterra’s milk price was set in the 2018 season. This is despite the Commerce Commission accepting the price-setting process which must meet both efficiency and contestability elements required by law. Open Country Dairy is of the view that Fonterra’s asset beta was too...

Sanford shipments delayed at China ports

[15 February /Radio NZ] Sanford Chief Customer Officer, Andre Gargiulo, said that several of its fresh salmon shipments have faced delays when being cleared through Chinese ports in the past month and that local authorities have not provided reasoning for this. The understanding is that other seafood exporters have also faced similar issues with exports...

Fonterra seeks radical revamp of rules it operates under

[18 February /Radio NZ] Fonterra Co-operative Group have called for changes to made to the Dairy Industry Restructuring Act (DIRA) and for rules introduced when the co-operative was formed in 2001 to stop the company exploiting its market dominance for its own benefit to be removed or relaxed. The co-op’s submission calls for the largest...

Fonterra negotiates termination deal for Darnum JV with Beingmate

[12 February/NZ Herald] Fonterra has announced that it has taken back full ownership of the Darnum manufacturing plant in Australia, unwinding its processing joint venture with Chinese partner, Beingmate. The exact terms of the separation agreement remain confidential. A Fonterra spokeswoman said the deal had been structured to ensure no cash was paid by the...

Synlait follows Fonterra with lower forecast farm gate payout

[28 January/The Country] Synlait Milk has cut its forecast payout to farmers for the current season, following Fonterra’s lead, as weaker global demand and strong domestic production weighs on market prices. Synlait now expects to pay $6.25 per kilogram of milk solids for the 2019 season, down from its previous forecast of $6.75/kgMS. The company...

Former Fonterra chairman John Wilson dies

[28 January/NZ Herald] John Wilson, Fonterra’s former chairman, has died. Mr Wilson stood down from the top role at the company in July after a serious health scare and Fonterra reported that Mr Wilson, who was in his mid-50s, passed away after a hard-fought battle with illness. He is survived by his wife and four...

Fonterra says milk production running ahead of forecast

[16 January/NZ Herald] Based on production to December, Fonterra is forecasting production for the season to be up 3 per cent from the previous season, standing at 1,550 million kg of milk solids. Chief Executive, Miles Hurrell, noted that production has been boosted by favourable growing conditions, indicating it may increase from 3% over the...

Fonterra sells livestock division to Carrfields

[9 January/Farmers Weekly] Fonterra has reported the sale of Farm Source Livestock division to Carrfields Livestock. Director of Farm Source stores Richard Allen reported the decision to sell was in the context of a larger review underway within the co-op. While Farm Source’s livestock division has contributed positive returns since inception, the investment required to...