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.
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’s new cream cheese plant has started production and is set to manufacture up to 24,000 metric tonnes of cream cheese annually for the Chinese market.
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.
Fonterra Co-operative Group Limited has revised its forecast 2017/18 Farmgate Milk Price, and updated its normalized earnings per share and dividend guidance.
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.
New Zealand’s Fonterra Co-operative Group Ltd has announced that John Wilson has stood down from his position as chairman with immediate effect as he recovers from a recent serious health scare.
Dairy price recovery in 2017 has positively affected the combined turnover of the top 20 companies, which, in 2017, was up 7.2% on the year in US dollar terms, according to RaboResearch’s latest report, ‘Global Dairy Top 20 – A Shuffling of the Deck Chairs.’
New Zealand’s Fonterra Co-operative Group said it welcomes the appointment of Bao Xiufei to the role of general manager of Beingmate Baby & Child Food Co Ltd. Fonterra has an 18.8% share in the Chinese food company.
A just-published Greenpeace investigation alleges that New Zealand dairy giant Fonterra Cooperative Group’s key supplier of palm kernel extract (PKE) has links to a huge expanse of deforestation in Indonesia.
Fonterra Australia and Bellamy’s Organic Pty Limited have strengthened their strategic partnership by signing a long-term supply agreement for the recruitment and supply of organic milk in Tasmania.
New Zealand dairy cooperative Fonterra is adding a new channel to its global foodservice business – Beverage House – to capitalize on what it says is an increased global demand for ‘adventurous’ tea and coffee drinks.
New Zealand dairy giants Fonterra join fellow food industry representative Kellogg as the latest member of an international project looking to address malnutrition in the elderly.
Half a million liters of Pahiatua groundwater (equivalent to about 18 milk tanker loads) will be saved daily due to the development and installation of a reclaimed water system at the local Fonterra site.
