Fonterra

Fonterra chief executive Miles Hurrell said global demand is not matching current increases in supply.

Fonterra drops farmgate milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$6.75 (US$4.37) per kgMS to a range of NZ$6.25-NZ$6.50 (US$4.05-US$4.21) per kgMS and increased its forecast New Zealand milk collection volumes...

Fonterra CEO Miles Hurrell says the cooperative’s business performance must improve.

Fonterra looks for improvement after posting $196m loss

By Jim Cornall

New Zealand dairy cooperative Fonterra has announced its FY18 annual results, the plan to improve its business performance and the outlook for FY19, including a review of its investment with Chinese company Beingmate.

The cooperative last considered the milk price in May.

Fonterra drops 2018/19 forecast milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$7.00 (US$4.66) per kgMS to NZ$6.75 (US$4.49) per kgMS.

Fonterra has stopped its global CEO search to review its current portfolio and direction, and appointed its chief operating officer, Farm Source, Miles Hurrell, as interim CEO.

Fonterra opts for interim CEO

By Jim Cornall

Fonterra Co-operative Group has announced Miles Hurrell will take over as the New Zealand cooperative’s interim chief executive with immediate effect, and the search for a new CEO will temporarily be halted.

Future Consumer Ltd is part of the Future Group, which plans to launch 1,100 stores in India this year.

New Fonterra JV looks to Indian market

By Jim Cornall

Fonterra has announced a joint venture partnership with one of India’s largest consumer companies, Future Consumer Ltd, to produce a range of consumer and foodservice dairy products for the Indian market.

An aerial photo taken December 19, 2017 shows new clearance for palm oil plantation on the secondary dry land forest at concession PT Agrinusa Persada Mulia of GAMA Group in Toray village, Merauke subdistrict, Merauke district, Papua province. Pic: © Jurnasyanto Sukarno/Greenpeace

Greenpeace links Fonterra to Indonesian deforestation

By Jim Cornall

A just-published Greenpeace investigation alleges that New Zealand dairy giant Fonterra Cooperative Group’s key supplier of palm kernel extract (PKE) has links to a huge expanse of deforestation in Indonesia.

Anchor Food Professionals chef Keith McDonald makes tea macchiatos with Fonterra’s Susan Cassidy.

Fonterra adds new beverage division

By Jim Cornall

New Zealand dairy cooperative Fonterra is adding a new channel to its global foodservice business – Beverage House – to capitalize on what it says is an increased global demand for ‘adventurous’ tea and coffee drinks.

Pahiatua is already Fonterra New Zealand’s most water efficient site.

Fonterra using condensation to save water

By Jim Cornall

Half a million liters of Pahiatua groundwater (equivalent to about 18 milk tanker loads) will be saved daily due to the development and installation of a reclaimed water system at the local Fonterra site.

Fonterra's products, such as Anmum, Fernleaf and Anchor, will now be available through Lazada to 560m consumers in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Fonterra partners with online company Lazada

By Jim Cornall

New Zealand cooperative Fonterra, the world’s largest dairy exporter, is expanding its online presence to consumers in Southeast Asia for the first time through a new partnership with Lazada, an online shopping destination in the region.

Fonterra’s programme manager nutrition and health, James Dekker.

NZMP to participate in five-year gut-brain study

By Jim Cornall

NZMP SureStart, the global B2B paediatric ingredients brand of Fonterra, is joining Smarter Lives, a five-year research programme to investigate how nutrition impacts the gut-brain axis.

 Influences on how food and beverage products are consumed is monitored by NZMP.

Five top consumer trends from Fonterra’s NZMP

By Jim Cornall

NZMP, the global dairy ingredients brand of Fonterra, has released a list of the top five global consumer food and beverage trends that it recommends manufacturers address to stay relevant.

Fonterra's cheese plant at Stanhope is set to double in size following the company's announcement of investments at several of its facilities in Australia.

Fonterra investing A$165m in Australian operations

By Jim Cornall

Fonterra Australia is matching its push to secure additional milk volumes with more than A$165m (US$133m) in capital expenditure in this financial year at key sites in Victoria and Tasmania in a move to increase capacity and meet unique demand opportunities...

Fonterra has an 18.8% stake in Beingmate, and is openly concerned at forecast losses as well as financial management at the Chinese company.

Fonterra 'disappointed' by Beingmate

By Jim Cornall

Chinese infant formula company Beingmate Baby & Child Food Co Ltd has issued another forecast earnings downgrade for its financial year ending December 31, 2017 – and its partner Fonterra isn’t happy.

Multiple companies have acknowledged that dairy farming does contribute a significantly to GHG emmissions, but that they are actively working to minimize their environmental footprint.  ©GettyImages/Grigorenko

Dairy industry disputes GRAIN report on global GHG emissions

By Mary Ellen Shoup

International nonprofit GRAIN has revealed that the world’s top 10 dairy companies emitted roughly 231Mt (million tons) of CO2 in 2016, the equivalent of half of France’s total GHG footprint and a quarter of the emissions emitted by Germany.

Fonterra's Te Rapa site is one of those to have benefitted from an expansion.

Foodservice grows to NZ$2bn business for Fonterra

By Jim Cornall

Fonterra’s Foodservice business, Anchor Food Professionals, has become New Zealand’s sixth biggest export business, having generated more than NZ$2bn (US$1.4bn) in annual revenue over the past year.

Fonterra's Te Rapa plant was one of those benefiting from investments.

Fonterra 2017 revenue up but profits fall 15%

By Jim Cornall

Fonterra has announced its 2017 annual results, which show revenue up to NZ$19.2bn (US$14bn), but net profit after tax dropped by NZ$745m (US$542m), an 11% reduction.

GDT is looking into working with EEX on a European dairy auction plan.

Updated

EEX and GDT to look into auction for dairy products in Europe

By Jim Cornall

The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have signed a letter of intent to evaluate the possibility of working together to set up and operate an auction mechanism for dairy products originating in Europe.

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