Fonterra Co-operative Group Ltd today increased its forecast farmgate milk price and earnings guidance for FY24 after demand from key markets rebounded.
The New Zealand dairy co-operative has set its on-farm emissions target following lengthy discussions with farmers. Its approach mirrors that of other dairy giants, but is it optimal for tackling climate change?
The New Zealand co-op forecasted improved margins across consumer and foodservice channels for FY24 and said there were indications that demand for milk powders will begin to return from early 2024.
Government funding will help the co-op to accelerate its exit from coal-fired power generation and achieve greater scope 1 & 2 emission reductions by 2030.
We speak to Fonterra Americas’ Megan Patterson to find out more about the potential of cultured dairy products in the current consumer climate, and how manufacturers can double protein content through fWPC ingredients.
As shoppers seek more bang for their buck, research carried out by Fonterra’s health and wellbeing B2B brand Nutiani highlights the role of science-backed functional ingredients as a means to add value to nutrition products.
Savencia becomes one of the largest milk processors in Argentina, while Fonterra continues to refine its asset portfolio in a bid to focus on New Zealand milk.
Fonterra's after-tax profits for the first half of the year rose by 50% as the co-op shifted milk into higher-priced commodities such as cream and skim milk powder.
The hope is to eliminate all on-farm emissions in 10 years while keeping operations ‘commercially viable’. An opt-in subsidy scheme for farmers is also in the works.
The New Zealand co-op has confirmed the timeline for implementing its Flexible Shareholding capital structure, designed to ‘level the playing field’ among farmer owners.
Record rainfalls and warm temperatures have caused a slow start to the season and contributed to lower collections throughout September and early October.
The co-op has revised its 2023 forecast earnings guidance amid strong demand for dairy and expects ‘an additional positive impact’ if the status quo continues.
The two firms will initiate a clinical trial to see if consumers experience increased levels of happiness after taking NZMP’s dairy-free probiotic strain.
Fonterra’s R&D teams are working to develop dairy products that deliver health benefits around improved cognition, sight and even mood. We hear from Judith Swales, CEO of Fonterra Asia Pacific, to learn more.
The European Union and New Zealand have inked a free trade agreement. With the deal being universally condemned by the dairy industries of both regions, we look at what concessions have been made and ask if anyone has come out on top.
A deal that will see New Zealand’s Exchange (NZE) and the European Energy Exchange (EEX) take stakes in Fonterra’s Global Dairy Trade (GDT) platform is expected to ‘stimulate future growth’, the dairy cooperative has said.
NZMP, Fonterra’s global ingredient business, has entered into a joint venture with Tillamook County Creamery Association (TCAA) and Three Mile Canyon Farms in the US to launch Pro-OptimaTM, a Grade A functional Whey Protein Concentrate (fWPC), to the...
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.
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.
