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News in brief

Fonterra welcomes measures to liberalise Asia-Pacific dairy trade

Fonterra has welcomed the recently released 'broad outlines' of the so-called Trans Pacific Partnership (TPP) to liberalise dairy trade within the Asia-Pacific region.

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Fonterra chairman announces plan to step down in 2012

Fonterra chariman Sir Henry van der Heyden has announced his intention to step down from his current role at the New Zealand co-operative's annual meeting in 2012.

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Fonterra ingredients MD resigns

The managing director of Fonterra's Global Ingredients and Foodservice (GIF) division, Andrei Mikhalevsky, has resigned and will leave the business by the end of the year.

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Developing world dairy boom is sustainable: Fonterra chairman

Fonterra chairman Henry van der Heyden believes that the current dairy boom in China and India that has underpinned rising prices for products worldwide will continue.

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Fonterra fears NZ $20m daily milk loss due to massive gas leak

Fonterra says it fears it will lose around NZ $20m of milk a day after it was forced to close 15 of its 17 processing sites on North Island, following...

Fonterra recalls cheese products

The New Zealand-based dairy giant Fonterra has announced a recall of its cheese products that are being sold in the Australian market, it said in a statement issued this week.

'Record' results see Fonterra secure ingredients for overseas success

Improved performance within Fonterra’s ingredients businesses worldwide has seen the firm announce a record turnover of NZ $19.9bn (€11.6bn) in 2010/11.

NZ carbon tax will damage dairy competitiveness, Fonterra warns

Dairy giant Fonterra is concerned that applying ‘carbon costs’ to New Zealand's agriculture sector will make it harder for dairy firms to compete and push production to less emission-efficient countries.

Whey more potential in protein market, claim new partners Fonterra and First Milk

European food and sports beverage makers are set to benefit from a new dairy ingredients joint venture, which is aimed at increasing whey protein manufacturing capacity in Europe as well...

Fonterra cuts dairy suppliers to save struggling organic business

A reduction in dairy farmers and a focus on emerging markets are two strategies Fonterra is adopting in a bid to save its struggling organic business.

Fonterra’s commissioned report faces industry criticism

A report commissioned by Fonterra to investigate the fairness of the dairy giant’s milk pricing has faced criticism from its competitors, according to news reports.

Fonterra to invest $40m in new Chinese dairy to meet booming milk demand

Fonterra is to invest $40m (€35m) in its third Chinese dairy farm as the firm expects demand to treble in the region over the next ten years.

Fonterra looks to treble production at NZ site through $250m investment

Dairy giant Fonterra aims to pump a further $250m into a new site in New Zealand, an investment that would treble milk processing at the facility.

Global dairy prices slide in latest Fonterra auction

International dairy prices have taken another tumble at the latest Fonterra auction, dropping to their lowest level so far this year.

Fonterra reports China milestone, looks to India

 New Zealand-based dairy giant Fonterra is now looking at expansion in India after a successful foray in China, including a recent bumper bond listing in Shanghai.

Fonterra faces big challenges ahead in China

Fonterra may face an uphill struggle in its bid to expand in China despite the promise of significant market growth, according to an Asian food industry analyst.

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Bond issue reveals Fonterra’s Chinese expansion plans

Fonterra has signaled its intention to invest further in the Chinese dairy market with its first bond issue denominated in Chinese renminbi.

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Fonterra joins exclusive world customs advisory group

Fonterra has been given a seat on an exclusive world trade advisory group which, the co-operative says, will allow it to aid the “smooth the flow” of New Zealand imports...

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Asian demand helps Fonterra hit new export record

Fonterra has cited strong Asian demand as the key reason for its dairy exports reaching a record high last month.

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Cheddar cheese added to Fonterra trading platform

Fonterra is adding the cheddar cheese products, milk protein concentrate and rennet casein, to its globalDairyTrade auction.

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Fonterra and Nestle abandon Chilean subsidiary tie-up

Fonterra has revealed that a proposal to merge its Chilean subsidiary, Soprole, with the fresh dairy operations of Nestle Chile has been scrapped.

Could be “best year ever” for Fonterra as firm posts $293m half-year profit

Dairy giant Fonterra is heading towards its “best year ever”, according to the firm, which reported a strong $293m half-year net profit.

Fonterra releases draft rules for global auction

Fonterra has published draft rules, developed with global dairy firms including Arla Foods and FrieslandCampina, to govern the opening up of its online trading platform to outside companies.

Fonterra goes public on search for new CEO

Fonterra has revealed that its CEO Andrew Ferrier intends to step down in the second half of the year provided a suitable successor can be found.

New year price spike prompts Fonterra to raise payout forecast

Fonterra has raised its forecast payout to farmers for 2010/2011 following big increases in milk prices at its auctions over recent months.

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