Fonterra 2017 revenue up but profits fall 15%
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.
Archives for September 24, 2017
SIG doubles its carton packs carrying the FSC label from 42% to 80%
SIG has doubled the number of carton packs carrying the FSC label from 42% in 2015 to more than 80% in September 2017, as customer demand soars for environmental responsibility.
Australia
Murray Goulburn struggling to find suitor for buyout
Troubled Australian dairy co-operative Murray Goulburn has called for an end to media speculation over a potential buyout—even calling into question the likelihood of a takeover itself.
IDFA unhappy over trade agreement terms
The European Union-Canada Comprehensive Economic and Trade Agreement (CETA) has been provisionally implemented, however, the US dairy industry isn’t impressed with some European cheese names being protected.