Fonterra 2017 revenue up but profits fall 15%
Fonterra has announced its 2017 annual results, which show revenue up to NZ$19.2bn (US$14bn), but net profit after tax dropped by NZ$745m (US$542m), an 11% reduction.
Archives for September 24, 2017
SIG doubles its carton packs carrying the FSC label from 42% to 80%
SIG has doubled the number of carton packs carrying the FSC label from 42% in 2015 to more than 80% in September 2017, as customer demand soars for environmental responsibility.
IDFA unhappy over trade agreement terms
The European Union-Canada Comprehensive Economic and Trade Agreement (CETA) has been provisionally implemented, however, the US dairy industry isn’t impressed with some European cheese names being protected.
Australia
Murray Goulburn struggling to find suitor for buyout
Troubled Australian dairy co-operative Murray Goulburn has called for an end to media speculation over a potential buyout—even calling into question the likelihood of a takeover itself.