Fonterra reveals ‘meaningful buyer interest’ for consumer businesses
The co-op will pursue two ‘attractive’ divestment options for its non-core businesses as part of a consolidation strategy announced in May 2024.
Fonterra
Probiotic strain may increase happiness and reduce stress: Study
Daily supplementation with Lacticaseibacillus rhamnosus HN001 may boost happiness and perceived stress scores over four weeks in moderately to highly stressed participants, according to a new study from Fonterra.
Fonterra sees ‘significant opportunities’ in high-protein dairy
The New Zealand co-operative is expanding a factory in the South Island to increase its output of protein ingredients.
Fonterra makes waves in the animal-free ingredients space
The New Zealand co-operative has become the latest dairy major to explore dairy-like ingredient production through fermentation as pressure to deliver sustainable products grows.
Fonterra’s foodservice footprint continues to grow in China
The New Zealand dairy co-operative is set to open another application center as it targets additional growth.
New Zealand abandons plans to price farm emissions – for now
A government policy that could have put some dairy farmers out of business has been postponed – but what are politicians proposing now?
Fonterra enjoys strong Q3, sets FY25 forecast farmgate milk price
The New Zealand co-operative reported increased milk sales and after-tax profits, but expectations for next season remain in the balance.
Fonterra to focus on B2B services in sweeping strategic change
The New Zealand co-operative is set to offload some of its best-known consumer brands to create ‘a simpler, higher-performing’ business.
Pricing in trouble: Fonterra predicts volatile year ahead despite stellar China and consumer products performances
New Zealand dairy giant Fonterra has predicted a volatile year ahead despite stellar performances from its China business and consumer product portfolios in the first half of the year, especially with milk prices expected to rise in the next few months.
Fonterra directors on NZMP Carbon Footprinter: ‘We want to be transparent with our emissions data’
Through a new digital tool, anyone can access and measure the emissions profiles of most New Zealand-sourced dairy ingredients offered by the co-op’s ingredients business, NZMP.
Fonterra lifts farmgate milk price forecast again as demand recovers
Fonterra CEO Miles Hurrel said commodity prices including for WMP have gone up, prompting the co-operative to lift its forecast range by NZ$0.30.
Nurture to expand its Digestion + probiotic drink range as it set sights on South East Asia
Fonterra brand Nurture plans to expand its powdered probiotic drink range to target stress-relief and skin health this year.
Strong season start prompts Fonterra to lift FY24 forecast farmgate milk price, earnings outlook
Fonterra Co-operative Group Ltd today increased its forecast farmgate milk price and earnings guidance for FY24 after demand from key markets rebounded.
Fonterra’s scope 3 emissions reduction target is set – but is it good enough for the climate?
The New Zealand dairy co-operative has set its on-farm emissions target following lengthy discussions with farmers. Its approach mirrors that of other dairy giants, but is it optimal for tackling climate change?
Fonterra, Nestlé complete DPA Brazil sale to Lactalis
The news comes after Lactalis agreed to enter a seven-year licensing agreement with Brazil’s competition authority.
Improved outlook: Fonterra raises farmgate milk price forecast
The New Zealand co-operative has cited improved supply and demand dynamics but warned of uncertainty in the long term.
Fonterra posts record NZ$1.6bn profits on the back of strong protein and cheese margins
The New Zealand co-op forecasted improved margins across consumer and foodservice channels for FY24 and said there were indications that demand for milk powders will begin to return from early 2024.
Fonterra improves 2030 emissions reduction targets
Government funding will help the co-op to accelerate its exit from coal-fired power generation and achieve greater scope 1 & 2 emission reductions by 2030.
Fonterra wants to ‘play more boldly’ in the nutrition science space, launches new venture arm
The newly-formed nutrition science venture arm will enable the co-op to explore fresh value streams – and it’s already made its first investment.
Beyond cottage cheese ice cream: Cultured dairy's versatility in form and function makes the category attractive to consumers
We speak to Fonterra Americas’ Megan Patterson to find out more about the potential of cultured dairy products in the current consumer climate, and how manufacturers can double protein content through fWPC ingredients.
Functional ingredients key to attracting busy, health-conscious consumers through holistic nutrition offerings
As shoppers seek more bang for their buck, research carried out by Fonterra’s health and wellbeing B2B brand Nutiani highlights the role of science-backed functional ingredients as a means to add value to nutrition products.
Reduced demand dents Fonterra’s farmgate milk price
The New Zealand co-operative has narrowed its forecast range for the current season as lower global dairy trade prices persist.
M&As: Savencia acquires Ilolay, Fonterra completes Soprole divestment
Savencia becomes one of the largest milk processors in Argentina, while Fonterra continues to refine its asset portfolio in a bid to focus on New Zealand milk.
High cheese and protein margins key to Fonterra’s interim profit increase
Fonterra's after-tax profits for the first half of the year rose by 50% as the co-op shifted milk into higher-priced commodities such as cream and skim milk powder.
Lactalis buys Fonterra and Nestlé JV for US$131.5m
The French dairy company has agreed to buy Dairy Partners Americas in a deal expected to be finalized during 2023.
Emissions: Nestlé and Fonterra to trial net-zero dairy farm
The hope is to eliminate all on-farm emissions in 10 years while keeping operations ‘commercially viable’. An opt-in subsidy scheme for farmers is also in the works.
Shareholding: Fonterra reveals when new capital structure will commence
The New Zealand co-op has confirmed the timeline for implementing its Flexible Shareholding capital structure, designed to ‘level the playing field’ among farmer owners.
Fonterra to sell Soprole to Peru’s Gloria Foods
The New Zealand dairy co-op is set to complete the divestment of its Chilean business as it seeks to focus on production in its home market.
Fonterra reduces milk collections forecast as tough weather conditions put strain on production
Record rainfalls and warm temperatures have caused a slow start to the season and contributed to lower collections throughout September and early October.
Fonterra lifts earnings guidance range ahead of FY22 results
The co-op has revised its 2023 forecast earnings guidance amid strong demand for dairy and expects ‘an additional positive impact’ if the status quo continues.
Fonterra expands nutrition portfolio with Nutiani
The co-op’s new B2B wellbeing nutrition brand will enable Fonterra to branch out further into non-dairy ingredients and solutions.
Fonterra partners with Rural Support Trust over mental health strategy
Fonterra has joined forces with the Rural Support Trust (RST) to draw up a national strategy to promote farmer wellbeing.
Fonterra eyes ‘positive outlook’ for dairy ahead of annual results
New Zealand's top dairy co-operative has provided an update to investors ahead of the release of its annual results next month.
Fonterra to close Brightwater milk powder plant
Production will move to Darfield as the co-op aims to direct more milk into the foodservice and consumer markets
Happy gut for a happy mind: Fonterra and Sun Genomics launch ‘Project Happy’
The two firms will initiate a clinical trial to see if consumers experience increased levels of happiness after taking NZMP’s dairy-free probiotic strain.
Fonterra talks innovation that boosts cognition, sight and mood
Fonterra’s R&D teams are working to develop dairy products that deliver health benefits around improved cognition, sight and even mood. We hear from Judith Swales, CEO of Fonterra Asia Pacific, to learn more.
Fonterra unleashes New Zealand’s first electric milk tanker
Milk-E the e-tanker makes first foray into eco-friendly farming.
EU and NZ dairy manufacturers bemoan ‘disappointing’ free trade deal
The European Union and New Zealand have inked a free trade agreement. With the deal being universally condemned by the dairy industries of both regions, we look at what concessions have been made and ask if anyone has come out on top.
Fonterra eyes growth of dairy trading platform with strategic partnerships in NZ and Europe
A deal that will see New Zealand’s Exchange (NZE) and the European Energy Exchange (EEX) take stakes in Fonterra’s Global Dairy Trade (GDT) platform is expected to ‘stimulate future growth’, the dairy cooperative has said.
Fonterra JV launches whey ingredient to support innovation in US cultured dairy
NZMP, Fonterra’s global ingredient business, has entered into a joint venture with Tillamook County Creamery Association (TCAA) and Three Mile Canyon Farms in the US to launch Pro-OptimaTM, a Grade A functional Whey Protein Concentrate (fWPC), to the market.
Fonterra focuses on innovation in ‘cognition, sight and stress’
Dairy cooperative Fonterra outlined its strategic innovation priorities – with a focus on nutritional benefits such as ‘cognition, sight and stress’ – as it noted higher milk prices were squeezing the margins of dairy processing business.
From Ukraine to COVID and Sri Lanka: Fonterra says global shocks hit demand for dairy
New Zealand dairy cooperative Fonterra has lowered its 2021/22 farmgate milk price forecast, blaming global crisis that have had ‘short-term impacts’ on global demand for dairy products.
New Zealand Government plans to amend Dairy Industry Restructuring Act
New Zealand’s government is intending to amend the Dairy Industry Restructuring Act 2001 (DIRA) to support Fonterra’s move to a new capital structure, Agriculture Minister Damien O’Connor has announced.
Fonterra expands seaweed trial
In partnership with Australian company Sea Forest, Fonterra is looking at the potential Asparagopsis seaweed has in reducing methane in a grass-fed farming system.
US launch for Anchor Organic carbonzero Certified Butter
Anchor Dairy, the consumer brand of New Zealand dairy cooperative Fonterra, is marking Earth Day with the launch of its Organic carbonzero Certified Butter.
Dairy Dialog podcast 175: Jorgensen Engineering, NZMP, Scottish Speciality Food Show
This week’s podcast has five interviews, although three of them are short conversations from the Scottish Speciality Food Show. We spoke with Mark Saunders, director of the organizers of the show, Springboard Events; Callum MacInnes, managing director of...
NZMP to supply Maypro with probiotics
NZMP, Fonterra’s ingredients brand, and Maypro, a global suppliers of nutraceutical ingredients and fine chemicals, have entered into an agreement whereby Maypro will be an authorized reseller of NZMP's BifidoB HN019 and LactoB HN001 probiotic strains in...
Fonterra to exit Russian businesses
Fonterra has announced it will exit its businesses in Russia.
Global Dairy Trade looking for feedback on proposed changes to event rules
Global Dairy Trade's is looking for input from users as it seeks to make changes to event rules.
Fonterra reports interim results
Fonterra Co-operative Group Limited has announced its 2022 interim results, which show the coop has delivered a half year profit after tax of NZ$364m (US$249m), a total group normalized EBIT of NZ$607m (US$416m), which is a drop of 11%, and a decision to...