Fonterra Co-operative Group Limited today announced its annual results, final Farmgate Milk Price of $7.14 per kgMS and a dividend of 5 cents per share for the 2019/20 season, bringing the final cash payout for farmers to $7.19 per kgMS. Fonterra CEO Miles Hurrell said 2019/20 was a good year for the Co-op, with profit … Continue reading Fonterra announces annual results – Australia ‘performed strongly’
Let’s look at the impressive stats – 10,000 farmers, 1600 tanker drivers, around 500 milk tankers, 22,000 global staff, , 22 billion litres of milk processed every year, $17 billion in revenue. This is what it means to be the biggest dairy exporter in the world, according to Fonterra’s Infrastructure and Global IS engagement manager, … Continue reading Why the biggest dairy exporter in the world had to embrace the IoT
Fonterra Australia is matching its push to secure additional milk volumes with more than $165 million in capital expenditure in this financial year at key sites.
Dairy Co-Operative Fonterra has announced net profit after tax for 2016/17 was NZ$745m ($687m), a drop of 11 per cent.
According to global market intelligence agency Mintel, the share of new food launches with high protein claims across Southeast Asia grew by 8 per cent on average every year from 2012 to 2016, with Thailand leading the way as one of the standout markets for high protein food launches. NZMP – Fonterra’s dairy ingredients business … Continue reading Consumer trends driving demand for protein in Asia
Dairy processor Fonterra has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to $6.75 kgMS.
For the last six years, big players in the dairy industry including Murray Goulburn, Parmalat, Fonterra, and Lion Dairy and Drinks, have come together to help Foodbank provide more than 8 million litres of milk to vulnerable Australians experiencing food insecurity. “Our charity partners regularly inform us that people who are struggling to put food on … Continue reading Dairy industry comes together to help fight hunger in Australia
Victorian dairy farmers say Fonterra’s plan to only recompense suppliers who have continued to supply the dairy processor since last year’s farmgate price crisis could breach the incoming code of conduct.
The new Fonterra cheese factory in Stanhope is expected to produce 45,000 tonnes of cheese per year for domestic and export markets.
Dairy processor Fonterra’s Director Michael Spaans has stepped down from the Board of the co-operative with effect from 31 January 2017 due to ill health. Fonterra Chairman John Wilson said that Michael Spaans’ tireless contribution to the New Zealand dairy industry has been significant both inside and outside the Fonterra boardroom. “Michael, a dairy farmer, came up through … Continue reading Michael Spaans resigns from Fonterra Board
New Zealand dairy giant Fonterra has announced a 65 per cent increase in net profit after tax to $807 million (NZ$834 million) for the year ended 31 July 2016.
Dairy processor Fonterra will increase its cheese and whey capacity at its Wynyard plant with a $4.3m investment.
There is sadness among workers as Fonterra cuts 30 jobs from its Hamilton packaging facility Canpac.
Australian dairy farmers received another blow yesterday as dairy processor Fonterra cut the price it pays suppliers by more than 10 per cent.
Fonterra, the world’s largest dairy exporter, has more than doubled its net profit despite the global fall in milk prices.
Fonterra has officially opened a new mozzarella plant which has created 25 new jobs at its Clandeboye site on New Zealand’s South Island.
Fonterra has finalised the sale of its Australian yoghurt and dairy desserts business to Parmalat Australia.
Fonterra Co-operative Group Limited and China’s leading infant food manufacturer Beingmate Baby and Child Food Company Limited have formalised their joint venture to purchase Fonterra’s Darnum plant in Australia.
Fonterra has remained to be on the top of the IBIS list of food and beverage companies by revenue generated.
Bids are believed to be closing this week for Burra Foods after the business was put up for sale last year through adviser Moelis and ANZ Bank.