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      <image:caption><![CDATA[The combination of the phrases '100% New Zealand' and 'Grass Fed' could mislead shoppers into thinking the butter was made from 100% grass-fed milk.]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2026/03/24/fonterra-boosted-by-protein-and-cheese-as-billiondollar-payout-nears/</loc>
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      <image:caption><![CDATA[The US ready-to-drink industry is a major source of demand for Fonterra’s whey and milk‑protein ingredients.]]></image:caption>
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      <image:caption><![CDATA[Fonterra's board is looking to appoint a new CEO to succeed Miles Hurrell. (Image: GettyImages/Robert Daly)]]></image:caption>
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      <image:caption><![CDATA[Miles Hurrell led Fonterra during its strategic pivot into a B2B-first strategy, overseeing the co-op's consumer division sale to Lactalis.]]></image:caption>
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      <image:caption><![CDATA[Good news for Carlsberg this morning]]></image:caption>
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      <image:caption><![CDATA[Fonterra farmers have emphatically backed the co-op's billion-dollar divestment to Lactalis.]]></image:caption>
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    <lastmod>2025-10-20T15:46:44.831Z</lastmod>
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      <image:caption><![CDATA[Tom Breen, CEO, Ruminant BioTech: 'We have submitted our dossier, including efficacy, safety, and environmental data, and we are working closely with regulators.']]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2025/10/20/lactalis-fonterra-deal-impact-on-nz-dairy-farmers/</loc>
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      <image:caption><![CDATA[Fonterra has approximately 8,000 dairy farmer shareholders in New Zealand.]]></image:caption>
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      <image:caption><![CDATA[Lactalis is likely paying more than the Mainland Group's true market value.]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2025/09/25/fonterra-reports-strong-fy25-as-it-sets-sights-on-protein-cheese-push/</loc>
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      <image:caption><![CDATA[Demand for mozzarella in Greater China foodservice has boosted Fonterra's bottom end in FY25.]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2025/08/29/what-fonterras-mainland-group-sale-to-lactalis-means-for-the-co-op/</loc>
    <lastmod>2026-02-17T21:07:35.535Z</lastmod>
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      <image:caption><![CDATA[A trade sale offered the highest value and ensured Fonterra could offload the entire asset portfolio it wanted to divest.]]></image:caption>
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      <image:caption><![CDATA[(image:Getty/Pattanaphong Khuankaew)]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2025/05/29/fonterra-maintains-divestment-plans-amid-soaring-fy25-q3-profits/</loc>
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      <image:caption><![CDATA[IQF mozzarella, UHT cream and butter drove sales volumes up in Fonterra's Greater China foodservice business in Q3.]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2025/04/18/fonterra-prepares-for-consumer-business-ipo/</loc>
    <lastmod>2025-04-19T19:12:23.802Z</lastmod>
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      <image:caption><![CDATA[Anne Templeman-Jones has a 35-year executive career developing deep operational, risk, governance and strategy experience.]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2025/03/20/fonterras-interim-fy25-profits-jump/</loc>
    <lastmod>2026-02-17T20:56:40.37Z</lastmod>
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      <image:caption><![CDATA[Milk collections are forecast to rise 2.7% thanks to favorable pasture conditions.]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2025/03/16/fonterra-in-formidable-position-as-it-pitches-49bn-business-to-investors/</loc>
    <lastmod>2026-02-17T20:58:57.043Z</lastmod>
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      <image:caption><![CDATA[Fonterra's investor roadshow will help the co-op explore the viability of an IPO - but a trade sale also remains an option. (Image: Getty/daizuoxin)]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2025/03/06/nestle-mars-back-fonterras-sustainability-model/</loc>
    <lastmod>2025-03-06T09:30:06.445Z</lastmod>
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      <image:caption><![CDATA[New Zealand's pasture-based dairy farming model means it's challenging for farmers to reduce enteric methane emissions through feed alone. (Image: GettyImages/pelooyen)]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2025/02/25/vivici-to-launch-fermentation-derived-lactoferrin-enter-new-global-markets/</loc>
    <lastmod>2025-03-04T16:24:31.482Z</lastmod>
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      <image:caption><![CDATA[Lactoferrin has become increasingly sought-after in the active nutrition space, where Vivici is looking to launch its fermentation-derived protein ingredients into.]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2024/11/12/Fonterra-to-proceed-with-sale-of-consumer-businesses/</loc>
    <lastmod>2024-11-20T00:16:28.994Z</lastmod>
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      <image:caption><![CDATA[Getty/Richard Drury]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2024/08/28/Fonterra-to-bolster-functional-protein-output-with-Studholme-expansion/</loc>
    <lastmod>2024-11-04T09:14:33.68Z</lastmod>
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      <image:caption><![CDATA[Fonterra's functional proteins can be used in a variety of applications, from sports nutrition products like protein bars to medical nutrition solutions. Image: Getty/skynesher]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2024/06/24/fonterra-s-foodservice-footprint-continues-to-grow-in-china/</loc>
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      <image:caption><![CDATA[Getty/Masahisa Iketani]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2024/05/29/fonterra-enjoys-strong-q3-sets-fy25-forecast-farmgate-milk-price/</loc>
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      <image:caption><![CDATA[Volume increases in Fonterra's foodservice and consumer channels were behind the co-op's strong business performance in Q3. Image: Getty/ilkermetinkursova]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2024/05/16/Fonterra-to-focus-on-B2B-ingredients-foodservice-in-sweeping-strategic-change/</loc>
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      <image:caption><![CDATA[Getty/BrianAJackson]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2024/03/14/fonterra-publishes-carbon-emissions-data-for-most-new-zealand-sourced-dairy-ingredients/</loc>
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      <image:caption><![CDATA[Getty/naumoid]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2024/02/12/Fonterra-s-FY24-farmgate-milk-price-rises-by-NZ-1.05-over-5-months/</loc>
    <lastmod>2024-11-04T08:06:43.568Z</lastmod>
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      <image:caption><![CDATA[Fonterra farmers have seen a third consecutive farmgate milk price increase since October. Image: Getty/larkyphoto]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2023/12/07/fonterra-lifts-fy24-forecast-farmgate-milk-price-as-demand-rebounds/</loc>
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      <image:caption><![CDATA[Image: Getty/georgeclerk]]></image:caption>
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    <loc>https://www.dairyreporter.com/Article/2023/11/02/fonterra-nestle-complete-dpa-brazil-sale-to-lactalis/</loc>
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      <image:caption><![CDATA[Getty/gorodenkoff]]></image:caption>
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  <url>
    <loc>https://www.dairyreporter.com/Article/2023/10/13/improved-outlook-fonterra-raises-farmgate-milk-price-forecast/</loc>
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      <image:caption><![CDATA[Getty/SimonSkafar]]></image:caption>
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