
How NZ dairy is trying to rule the world
News agency Bloomberg has taken a close look at Fonterra - see what it's telling the world about our dairy giant.
News agency Bloomberg has taken a close look at Fonterra - see what it's telling the world about our dairy giant.
New Zealand must cling hard to its co-operative dairy structure in the face of huge change in the global market and competition from
Fonterra has raised its farmgate milk price forecast by 50 cents to $4.75 per kg of milksolids.
COMMENT: Growing competition in NZ dairy market means time is right to adopt growth focus.
Fall in farm conversions prompts interest in horticulture, honey and alternatives such as sheep milk.
Think about Rio and the swimming pool. Take out the water. Replace it with good, grass-fed New Zealand milk. Do that with three
Has dairy turned the corner? Latest price 'couldn't come at a better time'.
Fire crews and Fonterra staff are cleaning up after two hazardous cleaning agents spilled at a plant overnight.
Dairy futures have rallied sharply, suggesting next week's world dairy auction will show a big rise.
Cost cutting by farmers had helped to drag down Dairy NZ's break-even price to $5.05 per kg of milk solids from $5.25 previously.
The dairy giant has stuck with its farmgate milkprice of $4.25.
ASB Bank is punting on Fonterra leaving its 2016/7 farmgate milk price forecast unchanged at $4.25 a kg of milk solids.
Beingmate warned investors this month it was anticipating a first half loss of up to 230 million yuan ($48.7 million).
Fonterra will update its farmgate milk price and reveal earnings per share forecasts for 2016/17 on Monday.
A gain in whole milk powder offset a fall for most other products in the latest overnight dairy auction.
John Key and Kiwi delegation taste-test pudding, cheese balls, cheese sticks, and other dairy goods made in giant Fonterra plant near Jakarta.
Farm prices are on the way down, led by an 18 per cent decline in the dairy sector over the past 12 months.
Fonterra Cooperative Group's New Zealand milk collection fell 10 per cent in the first month of the 2017 season, a typically low production period.
Fonterra's opposite number in Australia has announced A$4.31 per kg of milksolids as its opening farmgate milk price for the season.
"Hang in there" - that's the message Fonterra chairman John Wilson was giving to farmers at Fieldays.
Fonterra chief executive Theo Spierings has reshuffled the roles of some of his top managers for the third time this year.
As the dairy co-op tries to sell infant formula to Chinese parents, it's playing catch-up with competitors who got there first.
There is no "get out of jail free" card for dairy farmers in the current dairy downturn.
Dairy product prices have held steady at the latest Global Dairy Trade auction.
Big buys at annual agricultural event are likely to be lower on the shopping list for some who are hurting, especially dairy farmers.
Fonterra's loss-making Australian operation is likely be in the black this year now the co-operative is paying a more realistic milk price.
COMMENT: A number of recent developments highlight concerns about the corporate governance of rural-based companies.
Fonterra's plan to alter its governance structure has been defeated.
Fonterra's shareholders will vote tomorrow on a raft of changes - including reducing the board's size to 11 from 13.