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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.

Fonterra opens new European HQ in value-added ingredients push

Fonterra has opened up new European headquarters in Amsterdam. Koert Liekelema, general manager for Europe, explains how the move will help the New Zealand dairy grow its value-added ingredients business.

Fonterra advises need to identify dairy proteins in foods

An allergy scare involving the functional food product Whole has prompted Fonterra to advise manufacturers to communicate more prominently the use of dairy ingredients in foods.

Fonterra invests in UHT milk processing capacity

Fonterra has completed an NZ$8m investment in its UHT milk processing facilities in Auckland in a bid to meet growing demand in Asia and the Pacific.

Earthquake update: Fonterra escapes major damage

New Zealand’s largest exporter of dairy, Fonterra has managed to escape any major damage from the earthquake that hit the country on Saturday.

Prices rebound at latest Fonterra auction

Prices at the Fonterra globalDairyTrade auction have rebounded after two successive months of decline, suggesting renewed firmness in the market.

Fonterra gets embroiled in Chinese dairy scare

Fonterra has insisted that the New Zealand-based dairy is 100 per cent confident in its products as one of its Chinese customers faces an investigation into tainted milk claims.

Fonterra reports slide in auction prices

Prices at the Fonterra globalDairyTrade auction have fallen sharply for the second month running, prompting the dairy to warn farmers of a lower than forecast payout.

Fonterra reports sharp dip in dairy prices

Fonterra has revealed that prices were down sharply at its latest auction, as concerns about supply, which had fueled recent price increases, eased.

Fonterra’s new deal for Australian dairy producers

More money for dairy producers, paid earlier in the season to ease cash flow problems are the aims behind a new incentive payment from Fonterra Australia.

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