Fonterra Co-Operative Group

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.

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.

John Wilson has stood down from his position as Fonterra chairman with immediate effect as he recovers from a recent health scare.

Fonterra chairman resigns

By Jim Cornall

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.

Fonterras aid it looked forward to seeing Beingmate

Fonterra pleased by Beingmate appointment

By Jim Cornall

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.

Fonterra's products, such as Anmum, Fernleaf and Anchor, will now be available through Lazada to 560m consumers in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Fonterra partners with online company Lazada

By Jim Cornall

New Zealand cooperative Fonterra, the world’s largest dairy exporter, is expanding its online presence to consumers in Southeast Asia for the first time through a new partnership with Lazada, an online shopping destination in the region.

Fonterra’s chief executive Theo Spierings said the business has not delivered the third quarter results it had planned.

Fonterra raises milk price forecast

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has announced an opening forecast Farmgate Milk Price of NZ$7.00 (US$4.84) per kgMS for the 2018/19 season.

Fonterra is hiking its milk price by 25 cents per kgMS.

Fonterra hikes farmgate milk price by 25 cents

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has announced an increased forecast Farmgate Milk Price for the upcoming 2018 season, to NZ$6.75 (US$5.09) per kilogram of milksolids (kgMS).