Fonterra is an international dairy co-operative. Founded by the merger of New Zealand Dairy Group and Kiwi Co-operative Dairies in 2001. The head office for Fonterra is located in Auckland, New Zealand.
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New Zealand dairy giant Fonterra reversed its first-half profit drop to report a massive jump in full-year earnings yesterday (24 September). The result was achieved despite lower sales from the co-operative, with a focus on efficiency and product mix as well as the benefit of lapping weak prior-year comparables. Here are just-food's ten key takeaways from Fonterra's fiscal 2014/15 numbers.
The easing of decade-long economic sanctions on Iran lifted could open a potentially attractive market for international food makers, with access to a population of 80m consumers, a majority of which is under 35 and increasingly on the lookout for branded goods. However, establishing a foothold is unlikely to be straightforward. Hannah Abdulla reports.
Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the impact of China's recent economic slowdown is affecting companies in our sector.
New Zealand dairy giant Fonterra has increased its focus on emerging economies as the battle among global dairy companies for a share of high-growth markets in Asia, the Middle East and Latin America intensifies. This strategy has proven fruitful, with emerging markets making a sizeable contribution to group revenues and offering scope for future growth. just-food's Jonathan Dyson spoke to Fonterra CFO Jonathan Mason in Auckland yesterday (27 March) about how the world's leading dairy exporter plans to exploit this opportunity.
How to source palm oil is vexing the minds of many in the food industry. Growing consumer awareness of the links between palm oil, deforestation, the threat to wildlife and products on supermarket shelves is encouraging manufacturers and retailers to look for sustainable sources. However, only a few have grasped the nettle and, as Adam Harrison, senior food and agriculture officer for the WWF tells Dean Best, the industry needs to do much, much more - and quickly.
New Zealand dairy giant Fonterra has teamed up with Chinese e-commerce retailer Alibaba to launch a pilot food safety initiative that will deploy "new technologies to stop the production of counterfeit and fraudulent food products".
Fonterra, the world's largest dairy exporter, today (21 March) lowered its forecast for its annual earnings per share, with the New Zealand-based business predicting some "volatility" in the second half of its financial year.
Fonterra today (9 March) launched the Fonterra Ventures Co-Lab – an open platform designed to forge potential partnerships with "entrepreneurial individuals and businesses", the New Zealand dairy giant said.
New Zealand dairy giant Fonterra is entering the Puerto Rican market with the launch of products under its Anchor and Mainland brands in the country.
New Zealand dairy giant Fonterra has said it is investing in a new mozzarella plant to meet "growing customer demand" for cheese products.
Fonterra, New Zealand's largest dairy company, has joined a pledge from the country's government that aims to tackle childhood obesity.
New Zealand dairy group Fonterra is rolling out a "premium" line of milk products in China under the Anchor brand.
The governments of New Zealand and China have entered into discussions to "upgrade" the free trade agreement between the two countries.
Fonterra, the world's largest dairy exporter, sounded a note of caution on an "unprecedented" decline in milk collection volumes from its New Zealand farmers this year, as it booked an increase in first-half sales and margins.
New Zealand dairy giant Fonterra is preparing to begin shipments of a specially-formulated mascarpone cheese to Japanese customers.
Fonterra is bringing its planned investment in expanding capacity for UHT foodservice products forward to keep pace with "strong demand" in China.
New Zealand dairy giant Fonterra is reportedly conducting an internal review after reports Chinese police had arrested 19 people in Shanghai on suspicion of selling around 300 tonnes of the company's expired milk powder.
New Zealand dairy giant Fonterra has said it is reducing the amount of sugar contained in its Anchor Uno children's yogurt.
Fonterra said today (22 September) its strategy to focus on higher-value products is paying off as it delivered a 65% jump in annual net profit.
McDonald's outlets in parts of China are to sell UHT milk manufactured by Fonterra in its Happy Meals, the New Zealand dairy group has announced.
New Zealand dairy group Fonterra is investing AUD4.3m (US$32m) to boost the cheese and whey capacity at its Wynyard plant in the Australian state of Tasmania.
New Zealand dairy co-operative Fonterra has confirmed all of its staff are safe following the collapse earlier today (16 September) of a raw milk silo at its Edendale milk processing plant.
Fonterra has reduced the lead-time for UHT products exported to China by 70%, a move that enables the New Zealand dairy co-operative to highlight the "freshness" of its long-life milk products in the country.
Fonterra, the New Zealand-based dairy group, is to expand its storage areas at a spreads plant in Australia to "keep up with growing demand".
New Zealand dairy cooperative Fonterra said it has adopted a new standard for sourcing palm products as part of its commitment to sustainability.
Fonterra has issued a forecast for "solid" earnings per share for the dairy giant's 2017 financial year, although the company conceded its estimate for the farmgate milk price it will pay farmers means suppliers face a "challenging season".
A joint research project to help dairy farmers has been launched by Sri Lanka's University of Peradeniya's Faculty of Agriculture, Fonterra Brands and the Coconut Research Institute (CRI).
Rabobank's annual league table of the world's largest dairy companies has been released - and the data underlines what a challenging market it has been in recent months.
New Zealand dairy giant Fonterra hopes to use the know-how of its farmer owners in order to scale up in emerging dairy markets such as Sri Lanka.
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