NZ: Fonterra finishes year strongly
Milk producers group Fonterra increased milk collection by 4.3% during the dairy year, collecting and processing more than 14bn litres of milk, with an excellent autumn making up for cold and wet September and October months which affected peak flows.
In addition, 94 new suppliers are set to join the co-operative currently owned by 11,600 New Zealand dairy farmers, this year.
Fonterra ingredients managing director John Shaskey said: "The work we have done to simplify and strengthen our business model, including supply chain efficiencies, is really starting to pay off, and we will be building on that in the new season."
Fonterra expects market conditions for 2006/07 to result in a tougher trading environment this season.
New Zealand dairy group Fonterra has announced the launch of a low-sodium savoury flavour enhancer which it says will allow the level of sodium in foods to be reduced by at least a third, while boosti...
As Fonterra increases its emphasis on its value added business Standard & Poor's have placed the New Zealand dairy cooperative on CreditWatch with a view to downgrading the company's AA- rating to A+....
New Zealand dairy group Fonterra has developed a unique manufacturing process that could extend the shelf-life of yoghurts containing live and active cultures....
Dairy cooperative Fonterra announced today (27 September) that it has entered into an agreement to sell Naturalac Nutrition Limited (NNL) to Etika (NZ) Ltd for NZ$7.8m (US$5.14m)....
The Shareholders' Council of New Zealand dairy co-operative Fonterra has said the performance targets set by the Fonterra board for the 2005/06 season were not good enough....
Fonterra chief executive Andrew Ferrier has said that the farmer-owned New Zealand co-op is in a good position for continued purchases after a year of acquisitions and record milk production....
The New Zealand dairy firm Fonterra Co-operative Group has announced a final payout of NZ$4.10 (US$2.55) per kilogram of milk solids, representing a 25 cent increase on its season-start forecast and t...
New Zealand dairy group Fonterra has described as "extraordinary" the decision by the European Commission to suspend the issuing of all import licences for NZ butter imported under quota into the EU....
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- UK's Bakkavor plays down IPO "speculation"
- Dairy giant Muller appoints new CFO, COO
- PepsiCo launches Walkers Mediterranean in UK
- Kellogg announces new "nutritious" line-up