Fonterra fined for China price fixing
Fonterra said it had been fined $900,000 following the conclusion of a review by Chinese authorities into the pricing of dairy products in the people's republic.
Fonterra said it had been fined $900,000 following the conclusion of a review by Chinese authorities into the pricing of dairy products in the people's republic.
International dairy prices made a "modest" fall at the first global dairy auction to be held in the aftermath of the Fonterra infant formula scare.
"Their inability to tell us with confidence that our two babies will not fall ill from any of its products ... is unforgivable."
"If there's a dent to that reputation that dent has the potential to hurt everybody ... " Tourism Industry Association chief Martin Snedden's blunt message.
The baby milk botulism scare comes to light after changes at the top of Fonterra - including moves by the company to take more direct control of its communications strategy.
As days pass, emerging details raise more questions about the infant formula scare. Here's just a few of them.
China will not tolerate another slip-up from Fonterra, with the dairy giant caught up in its third contamination scare there since 2008, says a marketing expert.
There is widespread anger within the dairy industry over the length of time it was kept secret from the market while officials worked on a gameplan, writes Fran O'Sullivan.
Fonterra's boss reveals testing at an Australian plant confirmed clostridium bacteria in a semi-finished product later blended to make Karicare in NZ.
The Government's handling of the Fonterra infant formula contamination scare is difficult to fault ... so far, writes John Armstrong.
We need to diversify. We need a concerted government-level drive to build up our other export earners, writes Paul Brislen.
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.
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.
Some worried and confused parents are taking their babies to doctors, fearing the worst in the infant formula contamination scare.
In the short-term at least, Fonterra's brand and reputation are in tatters, writes Liam Dann. How much of the damage is superficial and how much is lasting will depend on how this plays out.
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.
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
Frustrated parents have been flooding helplines in a desperate bid for information on which infant formula is safe and some have taken their children to the doctor.
Fonterra is likely to face compensation claims from companies it supplied with tainted whey, says a law professor.
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.