Formula threat: 2000 persons of interest
Almost 2000 people are being viewed as persons of interest in the investigation into the threat to contaminate infant formula with 1080 poison.
Almost 2000 people are being viewed as persons of interest in the investigation into the threat to contaminate infant formula with 1080 poison.
Farmers will be disappointed with Fonterra's downwardly revised forecast dividend for the current season, especially given the low farm gate milk price.
Expectations that a higher dividend from Fonterra would at least partly offset a low milk price went by the wayside yesterday when the co-operative lowered its dividend forecast range.
The dairy industry can weather the prospect of increased production from the EU once quotas are lifted on April 1, says the chief executive of the farmer-funded DairyNZ.
Economists expect Fonterra to stick with its $4.70 per kg farm gate milk price forecast for 2014/15 when it reports its first-half result tomorrow.
All of the samples of infant formula tested by police after being suspected of possible tampering have tested negative for 1080.
Farmers will be looking to Fonterra's dividend to at least partially offset what is likely to be a low farmgate milk price this season after dairy prices fell by 8.8 per cent.
Just when you thought it was safe to venture into the dairy market, prices drop by 8.8 per cent.
International dairy prices fell by 8.8 per cent at this morning's GlobalDairyTrade auction - the first sale to be held since the 1080 infant formula scare.
Wellington Beltway denizens often refer to MFAT as standing for the Ministry for Fonterra and other Trade.
A partnership with Beingmate Baby & Child could begin boosting Fonterra's branded infant formula sales in China this year.
A report into New Zealand's meat industry has come out heavily in favour of a single co-operative business model similar to Fonterra's to deal with decades-old issues of overcapacity and too much....
Market sentiment at tomorrow's GlobalDairyTrade auction will be tested following the revelations last week of a threat to the food safety of New Zealand infant formula, says ANZ.
Peters’ thunder stolen but timing of 1080 revelations wasn’t deliberate, writes Fran O'Sullivan.
Dairy companies are confident security measures at their facilities are tight enough to prevent a 1080 contamination.
Fallout from this week's baby formula contamination threat weighed heavily on the New Zealand dollar yesterday, with news of curtailed orders from China driving the currency lower still.
The Government was right to say nothing until discreet inquiries had failed and there is a chance a public appeal might help police catch him. The interval appears to have permitted the industry to be well prepared.
Dairy exports may already be stuck on Chinese wharves as a result of a new import requirement that products be tested for 1080 contamination, says an industry group.
Police have been contacting known 1080 opponents in a bid to find the person behind a threat to contaminate New Zealand's baby formula stocks.
The Warehouse and Foodstuffs are reassuring customers they are doing everything they can to boost security in their stores.
News of New Zealand's infant formula contamination threat has spread across the world. Here is a selection of what the foreign press is saying.
1080 opponents have condemned those behind the baby formula threat letters, branding them "irresponsible" and their actions "total stupidity".