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...
Guests on the podcast this week are Normunds Staņēvičs, CEO of Food Union, Europe; Paul Kennedy, global nature & sustainability manager, Specialized Nutrition at Danone; and Federico Muffatto, CEO at Digi.Bio and Brij Sahi, co-founder & CEO at...
NZMP, the global dairy ingredients brand of Fonterra, has announced a European patent has been granted allowing NZMP customers the ability to position their products as beneficial for cognitive development.
From 1 June 2021, Fonterra is introducing a Co-operative Difference Payment of up to 10 cents per kilogram of milk solids (kgMS) if the farm meets the coop’s on-farm sustainability and value targets.
The dairy industry has been quick to respond to a new report from the Institute for Agriculture and Trade Policy (IATP), Milking the Planet: How Big Dairy is heating up the planet and hollowing rural communities.
Fonterra Co-operative Group Limited has announced its third-quarter business update, narrowed the range for its 2019/2020 forecast Farmgate Milk Price, and announced an opening forecast Farmgate Milk Price range for the 2020/2021 season.
On the podcast this week, we have one interview related to the cancelled Natural Products Expo West, some more interviews from the salon du fromage in Paris, and a feature on cleaning products during the coronavirus pandemic.
Fonterra Co-operative Group Limited has announced its 2020 interim results, which show the cooperative’s financial performance has improved with increased underlying earnings and reduced debt.
Fonterra Co-operative Group Limited (FCG) chairman John Monaghan says he will retire as a director of the cooperative when his current three-year term ends at the annual meeting in November.
Fonterra Co-operative has reaffirmed its forecast Farmgate Milk Price range at NZ$7.00-7.60 (US$4.43-4.81) per kgMS and its forecast full-year underlying earnings guidance of 15-25 cents (US 9-16 cents) per share. It has also revised its forecast milk...
Fonterra has purchased the minority interest in Prolesur, held by Fundación Isabel Aninat (the Fundación), as the New Zealand cooperative looks to streamline its operations in Chile.
Fonterra and By-Health Co. Ltd., a global vitamin and dietary supplements (VDS) enterprise, have entered into a strategic R&D partnership to focus on developing innovative nutritional solutions for the health and wellness market.
Fonterra Co-operative Group Limited has increased its 2019/2020 forecast Farmgate Milk Price range from NZ$6.25-$7.25 (US$4.01-$4.65) per kgMS to NZ$6.55-$7.55 (US$4.20-$4.84) per kgMS.
New Zealand dairy cooperative Fonterra has created the new role of chief operating officer, and the position will be filled by Fraser Whineray, who will start in early 2020.
Fonterra has announced its FY19 annual results, the final milk price for the 2018/19 season, a new strategy and changes to its operating model and management team.
New Zealand dairy cooperative Fonterra has changed the date for reporting its audited financial results for the 2019 financial year (FY19) ended July 31, 2019, as it confirmed losses for the financial year would be in the NZ$590m-NZ$675m (US$376m-US$430m)...
