Fonterra denies Spierings is quitting
Fonterra's moved quickly to reject Australian media reports that Spierings is preparing to step down.
Fonterra's moved quickly to reject Australian media reports that Spierings is preparing to step down.
The milk price of $4.25 per kg remains well below DairyNZ's $5.25 per kg estimate of breakeven.
Fonterra is co-operating fully with the ACCC in its investigation of the sudden slump in milk prices.
Christina Zhu didn't know quite what she was getting herself into when she joined Fonterra in 2011.
Australian dairy farmers want the government's help in gaining security around milk prices.
It's not only NZ dairy farmers unhappy about farm gate prices.
Dairy prices ended the 2015/6 season on a firm note with the GlobalDairyTrade price index rising by 2.6 per cent at this morning's auction.
Dairy prices should start improving 'in the medium term'.
Fonterra's farmer shareholders will vote next month on whether to accept governance changes to trim the board.
Housing debt got all the attention yesterday, but dairy debt remains near the top list of Reserve Bank of the threats to the economy.
Fonterra has enlisted the help of Richie McCaw to help show the co-operative is not a "faceless corporate".
A group of Australian dairy farmers plans a series of rallies after Fonterra and other processors slashed farmgate milk prices.
Fonterra cut its farmgate milk price in Australia yesterday to fall more in line with the key price setter there, Murray Goulburn.
Fonterra said the price change better reflects the reality of the supply and demand imbalance affecting global dairy prices.
Fonterra's former world headquarters will be converted into an 88-unit apartment block clad in a new white steel and alloy lattice-work exoskeleton.
Dairy prices continued to firm at the latest GlobalDairyTrade auction, with the GDT price index gaining 3.8 per cent driven mostly by a big gain in whole milk powder prices.
Fonterra has continued to lose farmers to its competitors, based on latest production data.
Fonterra's first draft of suggested changes to its governance structure recommends the board's size be cut from 13 to 11.
Fonterra's first draft of its recommendations on the size and makeup of its board will be made public tomorrow.
NZX's planned new milk price futures contract can help bring stability to a dairy sector being hit by low returns, says visiting specialist Brian Rice.
Fonterra could let farmer shareholders sell shares based on annual milk production to reduce debt, analysts say.
The NZX is expected to announce plans for a new milk futures contract tomorrow, which will be aimed at picking up where Fonterra's controversial guaranteed milk price scheme left off.
Fonterra stole the show during last month's sentencing of 1080 blackmailer Jeremy Kerr.
'We are grinning and bearing it." That's how Taranaki sharemilker Charlie McCaig describes how he and his wife Jody are faring with a milk price.
Fonterra's increased dividend payment isn't enough for most farmers to pay their interest bill, says Jacqueline Rowarth.
The Ministry for Primary Industries says it will take action against baby formula marketer Fernbaby if the company continues to make "therapeutic claims" about its products.