Fonterra

Fonterra's Danfield plant.

Fonterra ups milk price, drops earnings forecast

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has increased its 2018/19 forecast Farmgate Milk Price range to NZ$6.30-NZ$6.60 (US$4.29-$4.49) per kgMS, up from NZ$6.00-NZ$6.30 (US$4.08-$4.49), and revised its forecast earnings down to 15-25 cents...

Digestive wellness is one of the top 5 dairy trends for 2019, according to NZMP. Pic: ©Getty Images/ChrisChrisW

NZMP picks top 5 dairy trends for 2019

By Jim Cornall

NZMP, the global ingredients brand of Fonterra, has studied insights from some of the world’s largest food and nutrition research providers to create its top five dairy trends for 2019.

Motif’s biotech team will harness genetic science and fermentation technology to re-create and sell animal proteins and food ingredients, including those similar to dairy ingredients. Pic: ©Getty Images/gorodenkoff

Fonterra buys in to bio-engineered food company

By Jim Cornall

New Zealand dairy cooperative Fonterra has taken a stake in Motif Ingredients, a US-based food ingredients company that develops and commercializes bio-engineered animal and food ingredients.

The first auction would take place in 2020 if the joint venture goes ahead.

EEX and GDT move toward European dairy auction JV

By Jim Cornall

The European Energy Exchange (EEX) and Global Dairy Trade (GDT) have concluded the initial consultation period regarding the establishment of a joint venture to operate a European-based auction mechanism for European dairy products.

The new tool is expected to be introduced in June 2019.

Fonterra introduces Fixed Milk Price tool

By Jim Cornall

Fonterra has announced it will introduce a new financial tool to help farmers gain more certainty of what they will be paid for their milk for the season.

Fonterra is targeting a reduction in carbon emissions of 30% by 2030 and net zero by 2050 across all New Zealand operations.

Fonterra site to reduce emissions by 25%

By Jim Cornall

Fonterra’s Brightwater milk processing plant in Nelson, New Zealand, is now co-firing on wood after the site’s newly converted boiler was officially switched on.

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