Fonterra

“We expect to see further growth from acquisitions, with a long-awaited shift in the top three of the global ranking likely.

Rabobank publishes Dairy Top 20

By Beth Newhart

Nestlé, Lactalis and Danone continue leading the global dairy industry, but could see some shakeups in the future, according to a new analysis from Rabobank.

Under Shenzhen Stock Exchange rules it is only possible to sell up to 1% every 90 days directly on the exchange, or up to 2% in a single block every 90 days. Pic: ©Getty Images/lzf

Fonterra trying to sell Beingmate shares

By Jim Cornall

New Zealand dairy cooperative Fonterra says it is going to sell a portion of its stake in Beingmate Baby & Child Food Company Ltd, which is currently a shareholding of 18.8%.

Fonterra said the market continues to be attractive for its dairy protein and dairy speciality ingredients.

Fonterra sells foodspring to Mars

By Jim Cornall

Mars has signed an agreement to purchase a majority shareholding in German targeted nutrition business, foodspring and, as part of this transaction, Fonterra has sold its interest in foodspring’s parent Goodminton A.G, and will realize a gain on sale...

Fonterra's Fixed Base Milk Price is a risk management tool that lets farmers lock in a set price for up to 70% of the season’s milk before it starts. Pic: ©Getty Images/petej

Fonterra announces fixed base milk price for 2019/20

By Jim Cornall

Fonterra farmers in Australia participating in the company’s Fixed Base Milk Price will be paid a guaranteed price of A$6.80 (US$4.74) per kilogram of milk solids (kgMS) for a portion of their milk for the 2019/20 season.

NZMP showcased its solutions at Gulfood in Dubai and Food Ingredients China (FIC) in Shanghai.

NZMP moves to soothe uncertainty

By Jim Cornall

NZMP, the global dairy ingredients brand of Fonterra, has refreshed its market-leading risk and commercial solutions.

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 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.

Fonterra chief executive Miles Hurrell said global demand is not matching current increases in supply.

Fonterra drops farmgate milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$6.75 (US$4.37) per kgMS to a range of NZ$6.25-NZ$6.50 (US$4.05-US$4.21) per kgMS and increased its forecast New Zealand milk collection volumes...

Fonterra CEO Miles Hurrell says the cooperative’s business performance must improve.

Fonterra looks for improvement after posting $196m loss

By Jim Cornall

New Zealand dairy cooperative Fonterra has announced its FY18 annual results, the plan to improve its business performance and the outlook for FY19, including a review of its investment with Chinese company Beingmate.

The cooperative last considered the milk price in May.

Fonterra drops 2018/19 forecast milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$7.00 (US$4.66) per kgMS to NZ$6.75 (US$4.49) per kgMS.

Fonterra has stopped its global CEO search to review its current portfolio and direction, and appointed its chief operating officer, Farm Source, Miles Hurrell, as interim CEO.

Fonterra opts for interim CEO

By Jim Cornall

Fonterra Co-operative Group has announced Miles Hurrell will take over as the New Zealand cooperative’s interim chief executive with immediate effect, and the search for a new CEO will temporarily be halted.

Future Consumer Ltd is part of the Future Group, which plans to launch 1,100 stores in India this year.

New Fonterra JV looks to Indian market

By Jim Cornall

Fonterra has announced a joint venture partnership with one of India’s largest consumer companies, Future Consumer Ltd, to produce a range of consumer and foodservice dairy products for the Indian market.