Tag Archives: Fonterra

Fonterra Cooperative Group  had to set the benchmark for a competitive farmgate milk price, former director Jim van der Poel told the diary exporter’s annual meeting in his exit speech. His comments came after shareholders raised concerns over the reduced forecast milk payout for the 2015 season. The forecast farmgate milk price it pays farmers was slashed in September from …

Fonterra Co-operative Group, the world’s biggest dairy exporter, has begun a consultation process prior to lodging consent applications to build two new high-efficiency milk powder driers at its Studholme site in South Canterbury. The Auckland-based dairy company said the proposed investment would add about 9 million litres of capacity to its milk processing in South Canterbury, one of the country’s fastest-growing dairy …

Fonterra Co-operative Group’s guaranteed milk price scheme has stirred a mixed reaction from farmers. Some view it as just another risk management tool while others are against it, arguing a co-operative should have the same milk price for all. Given the volatility in milk prices, Fonterra piloted the scheme last year as a way of giving some farmers more certainty on what they’d get paid …

The New Zealand dollar fell to a year-low after Fonterra Cooperative Group cut its forecast payout to farmers for the current season in the face of dwindling dairy prices. The decline was limited by reports Japanese Prime Minister Shinzo Abe is wary of weakness in the yen. The kiwi dollar fell as low as 80.40 US cents after the Fonterra announcement, trading …

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production.  New Zealand’s biggest company revised its forecast payout to farmers while releasing its results for the year ended July 31, which showed sales climbed 19.5 percent to …

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. New Zealand’s biggest company revised its forecast payout to farmers while releasing its results for the year ended July 31, which showed sales climbed 19.5 percent to …

Prices of dairy products may extend this year’s 34 percent slump, economists say, adding to pressure on Fonterra Cooperative Group to lower its milk payout forecast and taking some of the steam out of New Zealand’s economic expansion. The GDT Price Index dropped 8.9 percent to the lowest level since December 2012 in the latest GlobalDairyTrade auction, the 10th decline in past …

ECONOMY   Dairy product prices fell to the lowest level since December 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and anhydrous milk fat. The GDT price index dropped 8.9 percent to US$3,309 a tonne, from US$3,595 a tonne two weeks ago. Some 36,656 tonnes of product was sold, down from 41,513 tonnes two weeks ago. ‘New Zealand’s …

Fonterra Cooperative Group has tapped the president of its China operations, Kelvin Wickham, to head up the newly created global ingredients while Johan Priem will take over his previous role. Wickham will become managing director of global ingredients which oversees “the sale of all ingredients globally, delivering solutions to our global accounts, tactical optimisation of demand and supply and managing the …

Dairy product prices rose for the first time since February in the latest GlobalDairyTrade auction, paced by butter milk powder, as buyers found value after the recent slide in prices. Expanding global milk supply and a drop in buying by Chinese importers as they run down inventories has weighed on dairy prices this year, although lower prices are now starting …