Fonterra

Fonterra's innovation efforts look to nutrition and wellness / Pic: GettyImages-fizkes

Fonterra focuses on innovation in ‘cognition, sight and stress’

By Katy Askew

Dairy cooperative Fonterra outlined its strategic innovation priorities – with a focus on nutritional benefits such as ‘cognition, sight and stress’ – as it noted higher milk prices were squeezing the margins of dairy processing business.

Asparagopsis is a common seaweed native to the waters of Tasmania and New Zealand. Pic: Fonterra

Fonterra expands seaweed trial

By Jim Cornall

In partnership with Australian company Sea Forest, Fonterra is looking at the potential Asparagopsis seaweed has in reducing methane in a grass-fed farming system.

Pic: Getty Images/tupungato

NZMP to supply Maypro with probiotics

By Jim Cornall

NZMP, Fonterra’s ingredients brand, and Maypro, a global suppliers of nutraceutical ingredients and fine chemicals, have entered into an agreement whereby Maypro will be an authorized reseller of NZMP's BifidoB HN019 and LactoB HN001 probiotic strains...

Pic: Fonterra

Fonterra reports interim results

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2022 interim results, which show the coop has delivered a half year profit after tax of NZ$364m (US$249m), a total group normalized EBIT of NZ$607m (US$416m), which is a drop of 11%, and a decision...

Fonterra, NZX and EEX will each holding a third of the shares in the GDT.

Fonterra, NZX and EEX to partner on GDT

By Jim Cornall

Fonterra has agreed a strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the dairy coop.

Fonterra said the increase is the result of consistent demand for dairy at a time of constrained global milk supply.  Pic: Fonterra

Fonterra hikes forecast Farmgate Milk Price range

By Jim Cornall

Fonterra Co-operative Group has boosted its 2021/22 forecast Farmgate Milk Price range to NZ$8.90 - $9.50 per kgMS (US$5.94-US$6.34), up from NZ$8.40 - $9.00 per kgMS (US$5.61-US$6.01).

Pic: Fonterra

Fonterra revises milk collection forecast

By Jim Cornall

Fonterra Co-operative Group Limited has revised the forecast for its 2021/22 New Zealand milk collections to 1,500m kilograms of milk solids (kgMS), down from its opening forecast of 1,525m kgMS.

The Protein Producer Index, now in its fourth year, assesses 60 publicly-listed animal protein producers.

FAIRR publishes fourth Protein Producer Index

By Jim Cornall

New data published by the Coller FAIRR Protein Producer Index says despite pockets of leadership and innovation the animal agriculture sector is unprepared for the decade of transition on climate change and risks looking “outdated and unattractive.”

Pic: Getty Images/Bet_Noire

NZMP partners with Sun Genomics on personalized probiotics

By Jim Cornall

NZMP, the ingredient-solutions brand of global dairy company Fonterra, and Sun Genomics, one of the world’s first, made-to-order probiotic companies, have established a partnership to undertake consumer studies to better understand the various health...

Stirling is the third fuel switching project Fonterra has undertaken in as many years.  Pic: Fonterra

Fonterra’s Stirling cheese site goes for cancel coal-ture

By Jim Cornall

As New Zealand Minister for Energy and Resources Hon Dr Megan Woods officially opened Fonterra’s wood pellet boiler at its Te Awamutu plant, the cooperative announced details for its next site to exit coal – the Stirling cheese plant in Otago.

Fonterra chairman Peter McBride says the capital structure review seeks to ensure the sustainability of the cooperative into the future.

Fonterra starts consultation on capital structure options

By Jim Cornall

Soon after requesting a trading halt on the ASX and NZX Main Board, Fonterra has revealed it is starting a consultation process to seek farmer feedback on potential options to change its capital structure to give farmers greater financial flexibility.

Dairy Dialog 128: Danone, Kerry, Veolia

Dairy Dialog podcast 128: Danone, Kerry, Veolia

By Jim Cornall

This week, we have three interviews on the podcast. We have conversations with Shannon Coco, strategic marketing director, food at Kerry North America, and Logan Cisewski, RD&A senior scientist at Kerry; Tim Duret, director of sustainable technology...

Fonterra reduced the total quantity of coal it uses by 10% when it converted its Te Awamutu site to burn wood pellets. Pic: Fonterra

Fonterra cools on coal

By Jim Cornall

Fonterra said it has been working on its transition to renewable energy and said it can, and will, get out of coal, with a couple of practical constraints, although it admitted New Zealand’s Climate Change Commission's pathway to ending coal use...

 Fonterra said it expects its earnings performance to come under significant pressure in the second half.

Fonterra reveals Beingmate share sale in financial report

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2021 interim results, which show a total group normalized EBIT of NZ$684m (US$494m), normalized profit after tax of NZ$418m (US$302m) and a decision to pay an interim dividend of 5 cents alongside...

Pic: Getty Images/pichet_w

More than 40 dairy company deals in 2020

By Jim Cornall

Nestlé, Constellation Brands, Diageo, Keurig Dr Pepper, New Age Beverages and Pernod Ricard were the most acquisitive companies of 2020, according to the Zenith Global food and drink transactions database, with each responsible for five or more takeovers....

Dairy Dialog podcast 119: Danone, Faerch, Too Good To Go

Dairy Dialog podcast 119: Danone, Faerch, Too Good To Go

By Jim Cornall

This week, we have three interviews. We feature conversations with Jamie Crummie, co-founder of Too Good To Go; Mark Tollman, group strategic sales director at Faerch Group; and Miguel Freitas, PhD, nutrition scientist at Danone.

Fonterra said it recognizes emissions produced by cows are a contributor to the country’s emissions and is working to find ways to reduce them. Pic: Getty Images/Tatomm

Fonterra turns to DSM to lower carbon footprint

By Jim Cornall

Fonterra and Royal DSM, a global science-based company active in health, nutrition and sustainable living, are teaming up to work on reducing on-farm greenhouse gas (GHG) emissions in New Zealand.

Dairy Dialog podcast 107: Tate & Lyle, Kerry, NZMP.  Pics: Tate & Lyle; Getty Images/jchizhe; Getty Images/mel-nik

Dairy Dialog podcast 107: Tate & Lyle, Kerry, NZMP

By Jim Cornall

This week on the Dairy Dialog podcast, we have three interviews alongside our regular look at the global dairy markets, with Liam Fenton at StoneX. Our guests are Kavita Karnik, Tate & Lyle VP of global nutrition and open innovation; Aaron Fanning,...

Fonterra switched its Te Awamutu site to wood pellets, which will reduce coal use by almost 10%. Pic: Fonterra

Fonterra publishes 2020 Sustainability Report

By Jim Cornall

Fonterra said it has achieved its most encouraging sustainability results since starting annual reporting four years ago, but insists it is staying focused on what still needs to be done to reach its long-term targets.