Fonterra fallout spreads
Sri Lanka is the latest country to order an immediate suspension of New Zealand milk powder imports over botulism fears from contaminated Fonterra products.
Sri Lanka is the latest country to order an immediate suspension of New Zealand milk powder imports over botulism fears from contaminated Fonterra products.
Prime Minister John Key says he is prepared to fly to China if he needs to in the wake of the Fonterra whey contamination scandal.
"There will be a reckoning, but now is not the time." Federated Farmers breaks its silence on the infant formula contamination scare.
Leaky homes, free market devotion and a 'festering sore' of a tourism campaign - New Zealand is coming under fire in the state-sanctioned Chinese media.
Theo Spierings began with an apology, aimed both at calming the public and at mollifying the Chinese government, writes Malcolm Moore.
Hayley Nieuwoudt will never use Karicare again - the mixed messages and misinformation from Fonterra and the Government have put her off the milk formula brand for good.
Editorial: For the third time in five years, Fonterra has blotted its copybook in China and in one sense the latest blot is the worst of the three.
Fonterra has "cast a shadow" across the rest of New Zealand's dairy export industry.
Fonterra's unit price and the New Zealand dollar partly recovered yesterday after both were sold down on the back of the latest contamination scare.
Potentially dangerous Karicare infant formula remained on sale in China's massive online "grey market" last night.
Heads will roll at Fonterra over the latest infant formula scare to hit the company, but chief executive Theo Spierings' job should be safe for the time being.
Prime Minister John Key says there will be a probe into Fonterra as the Government increases pressure on the dairy giant to front up with all of the information
China is questioning New Zealand's '100 per cent pure' brand as headlines worldwide bring attention to Fonterra's milk formula scandal.
Fallout from Fonterra's milk formula scandal could spread to other agricultural exports, but the brand damage will depend on how the co-op reacts next.
Fonterra chief executive Theo Spierings has expressed regret for consumer anxiety caused by revelations that batches of whey protein had been contaminated.
Fonterra Fund shares have dropped by 62 cents in early trading as markets digest the impact of the contamination scare on our biggest exporter.
Fonterra's unit price is likely to take a hit this morning and the New Zealand dollar has already fallen to a month low.
Worried parents are flooding an infant formula company's hotline, amid revelations almost 68,000 cans of formula could be tainted with a botulism-causing bacterium.
Worried parents have criticised authorities over misinformation about Karicare formula.
"One dirty pipe. It might have done less damage if it had exploded," writes Liam Dann.
Eight companies may have received the contaminated whey protein from Fonterra.
Fonterra's dairy product recall made headlines worldwide, as New Zealand's export markets react to reports of the botulism scare.