Fonterra

Fonterra has an 18.8% stake in Beingmate, and is openly concerned at forecast losses as well as financial management at the Chinese company.

Fonterra 'disappointed' by Beingmate

By Jim Cornall

Chinese infant formula company Beingmate Baby & Child Food Co Ltd has issued another forecast earnings downgrade for its financial year ending December 31, 2017 – and its partner Fonterra isn’t happy.

Multiple companies have acknowledged that dairy farming does contribute a significantly to GHG emmissions, but that they are actively working to minimize their environmental footprint.  ©GettyImages/Grigorenko

Dairy industry disputes GRAIN report on global GHG emissions

By Mary Ellen Shoup

International nonprofit GRAIN has revealed that the world’s top 10 dairy companies emitted roughly 231Mt (million tons) of CO2 in 2016, the equivalent of half of France’s total GHG footprint and a quarter of the emissions emitted by Germany.

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.

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