Fonterra

Fonterra's Te Rapa site is one of those to have benefitted from an expansion.

Foodservice grows to NZ$2bn business for Fonterra

By Jim Cornall

Fonterra’s Foodservice business, Anchor Food Professionals, has become New Zealand’s sixth biggest export business, having generated more than NZ$2bn (US$1.4bn) in annual revenue over the past year.

Fonterra's Te Rapa plant was one of those benefiting from investments.

Fonterra 2017 revenue up but profits fall 15%

By Jim Cornall

Fonterra has announced its 2017 annual results, which show revenue up to NZ$19.2bn (US$14bn), but net profit after tax dropped by NZ$745m (US$542m), an 11% reduction.

GDT is looking into working with EEX on a European dairy auction plan.

Updated

EEX and GDT to look into auction for dairy products in Europe

By Jim Cornall

The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have signed a letter of intent to evaluate the possibility of working together to set up and operate an auction mechanism for dairy products originating in Europe.

Fonterra is hiking its milk price by 25 cents per kgMS.

Fonterra hikes farmgate milk price by 25 cents

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to NZ$6.75 (US$5.09) per kilogram of milksolids (kgMS).

The New Zealand dairy industry is looking to tackle greenhouse gas emissions from dairy farms. Pic: ©iStock/blagov58

DairyNZ launches environmental plan

By Jim Cornall

On Wednesday, DairyNZ launched its Dairy Action for Climate Change document, which is designed to lay down the foundation to reduce greenhouse gasses on dairy farms.