New Zealand-Based Fonterra

Standard & Poor's reduces Fonterra credit rating over debt concerns

14-Oct-2015 By Mark ASTLEY

Standard & Poor's (S&P) has reduced Fonterra's credit rating - reflecting its concerns about the New Zealand dairy's debt levels.

Fonterra acquires 18.8% stake in Chinese infant formula partner Beingmate

16-Mar-2015 By Mark ASTLEY

Fonterra has acquired an 18.8% stake in its Chinese infant formula partner Beingmate for around US$550m.

Fonterra tables offer for 20% stake in Chinese infant formula firm Beingmate

12-Feb-2015 By Mark ASTLEY

Fonterra has tabled its pre-agreed RMB 18.00 (US$2.88, €2.54) per share offer to acquire up to 20% of its Chinese partner Beingmate.

Fonterra slashes forecast FGMP again as volatility continues

10-Dec-2014 By Mark ASTLEY

Fonterra has slashed its farm gate milk price (FGMP) forecast for the 2014/15 season to NZ$4.70 (US$3.63, €2.93) - the third such reduction since it was first announced in May.

China lifts 2013 ban on Fonterra infant formula ingredients

31-Oct-2014 By Mark ASTLEY

China has lifted its ban on the import of Fonterra two infant formula ingredients, more than a year after it was implemented in the midst of the 2013 botulism scare.

Job cuts proposed at botulism scare impacted Fonterra Canpac plant

23-Jul-2014 By Mark ASTLEY

Fonterra has acknowledged that proposed job losses at its under-capacity Canpac packing plant can be attributed in part to last year's whey protein concentrate (WPC) botulism scare.