Fonterra

Fonterra milk price increase could see $13b flow into regional NZ

Fonterra milk price increase could see $13b flow into regional NZ

Fonterra has increased and narrowed its forecast farmgate milk price range to NZD $7.90 – $8.90/kgMS, from NZD $7.25 –...

12:12pm

Fonterra sells joint venture farms in China in €52m deal

Fonterra sells joint venture farms in China in €52m deal

Kiwi dairy giant Fonterra is set to net NZ$88 million (€52 million) through the sale of two joint venture (JV)...

June 28, 2021

Fonterra: Global demand for dairy continuing to grow, with China leading the charge

Fonterra: Global demand for dairy continuing to grow, with China leading the charge

Global demand for dairy, especially New Zealand dairy, is continuing to grow, according to Fonterra. China is “leading the charge as its economy...

May 27, 2021

Fonterra posts ‘most encouraging progress to date’ in latest sustainability report

Fonterra posts ‘most encouraging progress to date’ in latest sustainability report

Fonterra has reported its “most encouraging sustainability results since starting its annual reporting four years ago”, according to the Kiwi...

November 3, 2020

Fonterra sells its dairy farms in China in $555 million deal

Fonterra sells its dairy farms in China in $555 million deal

Fonterra has agreed to sell its China farms for a total of $555 million (€313.74 million), the New Zealand dairy...

October 5, 2020

Fonterra chairman announces plans to step down

Fonterra chairman announces plans to step down

Fonterra Cooperative’s chairman John Monaghan has confirmed that he will retire as a director of the Kiwi co-op when his...

March 17, 2020

Fonterra announces a further increase to its 2019/2020 forecast farmgate milk price

Fonterra announces a further increase to its 2019/2020 forecast farmgate milk price

Fonterra Cooperative has announced a further increase to its 2019/2020 forecast farmgate milk price range. The kiwi co-op today, Thursday,...

December 5, 2019

Fonterra increases 2019/2020 forecast Farmgate Milk Price

Fonterra increases 2019/2020 forecast Farmgate Milk Price

Fonterra Cooperative has announced its decision to increase its 2019/2020 forecast Farmgate Milk Price range. The Kiwi co-op today, Tuesday,...

October 22, 2019

Emergency services called ‘as precaution’ following Fonterra factory fire

Emergency services called ‘as precaution’ following Fonterra factory fire

Emergency services including fire and ambulance vehicles were called to a factory owned by Fonterra as a precautionary measure following...

October 17, 2019

Fonterra reveals $605 million losses for ‘incredibly tough’ 2019

Fonterra reveals $605 million losses for ‘incredibly tough’ 2019

New Zealand based dairy giant Fonterra has revealed net losses after tax to the tune of NZ$605 million (€349 million)...

September 26, 2019

Some updates on the global milk production front

Some updates on the global milk production front

A recent report, released by dairy giant Fonterra, revealed a continued decline in Australia’s milk production, a flat US and...

September 4, 2019

A further step in Fonterra’s plan ‘to turn the business around’

A further step in Fonterra’s plan ‘to turn the business around’

Fonterra has announced its intention to sell a portion of its stake in Chinese company Beingmate Baby and Child Food...

August 10, 2019

Fonterra’s profits up by a modest 1% despite weather challenges

Fonterra’s profits up by a modest 1% despite weather challenges

Last week, one of the world’s largest dairy co-ops, New Zealand based Fonterra, announced its third quarter financial results along...

May 27, 2019

Fonterra secures $380 million for popular Tip Top ice cream brand

Fonterra secures $380 million for popular Tip Top ice cream brand

Fonterra, a New Zealand based dairy co-op, has announced the sale of its popular Tip Top ice cream brand to...

May 13, 2019

Dairy giant Fonterra forms strategic alliance with Coca-Cola

Dairy giant Fonterra forms strategic alliance with Coca-Cola

One of the world’s largest dairy co-ops, New Zealand based Fonterra, and the world’s biggest soft drinks giant, Coca-Cola, have...

May 9, 2019

A step in the right direction for Fonterra

A step in the right direction for Fonterra

In line with key themes emerging from its new strategy, Fonterra last Wednesday, April 3, announced details of its new...

April 10, 2019

Dairy giant Fonterra records €50 million profit after tax

Dairy giant Fonterra records €50 million profit after tax

One of the world’s largest dairy co-ops, New Zealand based Fonterra, has reported a return to profitability in its 2019...

March 20, 2019

Fonterra boss set to ‘prioritise’ $800 million debt reduction

Fonterra boss set to ‘prioritise’ $800 million debt reduction

In a recent Twitter statement – the newly appointed CEO of Fonterra – Miles Hurrell confirmed that “reducing Fonterra’s debt...

March 16, 2019