New Zealand dairy cooperative Fonterra has lowered its 2021/22 farmgate milk price forecast, blaming global crisis that have had ‘short-term impacts’ on global demand for dairy products.
New Zealand’s government is intending to amend the Dairy Industry Restructuring Act 2001 (DIRA) to support Fonterra’s move to a new capital structure, Agriculture Minister Damien O’Connor has announced.
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.
Anchor Dairy, the consumer brand of New Zealand dairy cooperative Fonterra, is marking Earth Day with the launch of its Organic carbonzero Certified Butter.
This week’s podcast has five interviews, although three of them are short conversations from the Scottish Speciality Food Show. We spoke with Mark Saunders, director of the organizers of the show, Springboard Events; Callum MacInnes, managing director...
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...
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...
Following Russia’s invasion of Ukraine, and the subsequent sanctions imposed upon Russia, doing business with the world’s largest country is becoming increasingly complicated.
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 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).
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.
Fonterra shareholders have given the cooperative’s new capital structure proposal the green light with 85.16% of the total farmer votes in support of the proposal.
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.”
Dutch-based startup Connecterra, which uses artificial intelligence (AI) to deliver insights to dairy farmers, has announced it intends to launch in New Zealand.
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...
Fonterra Co-operative Group Limited has announced its results for the 2021 financial year, as it moves through its business reset and into a new phase of growing the value of its business.
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.
NZMP, the ingredient-solutions brand by global dairy company Fonterra, is expanding the application range of its patented probiotic strains to include various snacks and certain types of confectionery and beverages.
Fonterra has announced an opening forecast Farmgate Milk Price range for the 2021/22 season of NZ$7.25 to NZ$8.75 per kgMS (US$5.29 to US$6.38), with a midpoint of NZ$8 per kgMS (US$5.84).
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.
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 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 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...
New Zealand dairy cooperative Fonterra has released details of how it will pay farmers for producing sustainable, high-quality milk as part of The Co-operative Difference framework.
Sri Lanka’s Minister of Agriculture Mahindananda Aluthgamage said in Parliament this week the government is aiming to make the country self-sufficient in liquid milk, and that this would be achieved within the next four years.
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....
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 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.
Fonterra and Nestlé are teaming up with DairyNZ to expand a plantain trial to help improve waterways and reduce on-farm greenhouse gas (GHG) emissions.
Fonterra Co-operative Group Limited has narrowed its 2020/21 forecast Farmgate Milk Price range, reported a solid start to the 2021 financial year and reconfirmed its forecast earnings guidance.
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 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.
Fonterra Co-operative Group Limited has increased the mid-point of its forecast Farmgate Milk Price range to NZ$6.80 (US$4.49) per kgMS, from NZ$6.40 (US$4.22) per kgMS, while retaining its current +/-50c per kgMS range.
Over the last few days, Fonterra farmers have been receiving unique greenhouse gas (GHG) emissions profiles for their farms - the first time such a tool has been introduced in New Zealand at scale. The profiles form part of a farm environmental report...
Fonterra Co-operative Group Limited has announced its annual results, final Farmgate Milk Price of NZ$7.14 (US$4.79) per kgMS and a dividend of 5 cents per share for the 2019/20 season, bringing the final cash payout for farmers to NZ$7.19 (US$4.83) per...
Fonterra’s Te Awamutu site in New Zealand is taking the next step in its transition away from coal with commissioning under way on its wood pellet renewable energy source.
The food & drink sector is one of the few sectors that should suffer limited impact as a result of the COVID-19 pandemic, with the world’s top food & drink brands unlikely to lose brand value, according to the latest Brand Finance Food & Drink...
On this week's podcast, we chat with Pim van Hee, manager innovation R&D and technology, Royal DSM; Taly Nechustan, CEO of InnovoPro; and Brent Vautier, senior research technologist at Fonterra. We also have our weekly look at the global dairy...
