New HQ too flash for Fonterra?
Global diary giant Fonterra is moving into what could be the smartest new building in Auckland, but as farmers slash costs the move has been criticised as unjustifiable.
Global diary giant Fonterra is moving into what could be the smartest new building in Auckland, but as farmers slash costs the move has been criticised as unjustifiable.
Embattled dairy farmers were offered a glimmer of hope when world prices firmed for the first time this year.
Rise of 1.4 per cent ends a four-sale losing streak.
New Zealand's largest dairy cooperative is planning to close its cheese plant in the South Island town of Kaikoura.
A big Commerce Commission report has found there's not enough competition to justify any deregulation of New Zealand's dairy sector.
A recovery in the dairy sector could be two or three years away while low oil prices continue to weigh on the market, says a US industry leader.
Fonterra's total borrowings now more than $7.5 billion, writes Brian Gaynor.
As farmers face the prospect of even lower prices, they are being asked whether the dairy giant's governance needs revision, writes Jamie Gray.
Dairy prices are expected to weaken again by up to 10 per cent at this week's global dairy auction as market continues to suffer from over-production.
Fonterra's latest farmgate milk price forecast is already under downward pressure after dairy prices fell for the third time in a row at this morning's GlobalDairyTrade auction.
Dairy farmers are bracing themselves for still more falls in product prices at tomorrow's Global Dairy Trade auction.
Fonterra's multi-million dollar stoush with food giant Danone is due to be fought behind closed doors in Singapore next week
Asia's biggest economy looks to limit manufacturers to three labels and impose stricter safety procedures.
Fonterra posed the question of whether a board stacked with farmers has the right skills to drive a global business.
Dairy Farms NZ - likely to list on the NZ stock exchange, has been given permission to buy up South Island farms.
Weakening world dairy prices have pushed Fonterra this morning to announce a cut in its payout to farmers.
Leading international credit rating agency has downgraded its outlook for New Zealand's economy.
New Zealand's second largest dairy processor has reduced its milk payout by 30 cents to an average price of between $4.00-$4.30 per kilogramme.
From the flag debate to the outrage surrounding the TPPA, this year the government was at the centre of the country's three biggest PR challenges.
Dairy prices finished the year on a slightly firmer note at this morning's GlobalDairyTrade auction, the GDT price index gaining by just 1.9 per cent.
A series of recommendations have been made to overhaul the dairy sector after a system investigation sparked by the botulism scare.
The Reserve Bank has warned defaults on dairy loans will be likely as cash-flow shortage estimated at $1/kgMS.
Fonterra has maintained milk price at $4.60 per kilo, but scrapped a farmer support scheme.
Pressure is mounting on Fonterra to cut its farmgate milk price forecast at this week's board meeting, but it's looking like a close call.
Animal welfare group SAFE placed a graphic advertisement to shame NZ's dairy industry in the Guardian newspaper.
'Is our dairy industry built on cruelty?" That was the question posed by TVNZ's Sunday programme which broadcast evidence covertly filmed by FarmWatch and Safe activists.
Fonterra has signed a deal with an Australian infant formula plant.