NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Companies

Fonterra drops to fourth on world list

By Sally Rae
Other·
18 Jul, 2012 05:30 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

File photo / Ross Setford

File photo / Ross Setford

Fonterra has dropped from third to fourth place in Rabobank's latest survey of the world's top 20 dairy companies.

The dairy co-operative, which is the world's largest exporter of dairy products, has been overtaken by French company Lactalis.

Top of the list and unchanged from last year is Swiss company Nestle, with turnover in 2011 of US$25.9 billion ($32.5 billion). Fonterra's turnover for 2011 was about $19.9 billion.

While 18 of the companies were the same as the previous year, the survey also demonstrated some significant changes, including the continued rise of Lactalis.

The biggest strides up the table were made by the "Chinese giants".

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Having entered the top 20 for the first time in 2010, Yili moved up four places into 15th and Mengniu moved up two places into 16th, riding the wave of domestic market sales growth.

Despite the rise of the Chinese, the list remained dominated by those firms based in OECD countries.

Growth in traditional dairy markets over the next five years was expected to slow, as the industry battled economic and demographic headwinds, already high dairy consumption levels, overweight consumers and concerns over the cost of dairy products.

Advertisement
Advertise with NZME.

By contrast, emerging markets such as China, Southeast Asia, India and Latin America were expected to offer good sales growth with almost the opposite trends in place.

Sixteen of the largest 20 dairy companies had investments in manufacturing in Asia and/or Latin America, while 15 had investments in China alone.

Rabobank expected to see companies continue to vigorously pursue merger and acquisition targets in the next 12 months as they jostled to position themselves for growth and profit in a changing market environment.

The ASB New Zealand commodity price index increased 0.4 per cent in New Zealand dollar terms over the past week, with slightly higher dairy prices and the price of meat and forestry broadly flat in international markets.

Discover more

Opinion

Brian Gaynor: Fonterra's triumph marks big week for NZX

29 Jun 05:30 PM
Opinion

Fran O'Sullivan: Much at stake in Crafar court ruling

03 Jul 09:30 PM
Agribusiness

Dairy prices bode ill for Fonterra payout - economists

04 Jul 03:30 AM
Agribusiness

Primary sector revenue dips

23 Jul 10:30 PM

Meanwhile, yesterday, whole milk powder, the biggest-volume dairy product sold through Fonterra's GlobalDairyTrade auction platform, led the third month of declines, pushing the benchmark composite price further below its long-term average.

The auction's trade-weighted index fell 0.9 per cent compared with the last sale two weeks ago.

The average winning price dropped to US$2756 a tonne from US$2787 a tonne in the last sale. Whole milk powder, which typically accounts for almost two-thirds of volume, fell 6.4 per cent to US$2762.

Volumes through the GDT platform are still holding up, with 37,063 tonnes sold in the latest sale, which is higher than the average of about 32,000 tonnes per sale over the past two years.

In the latest auction, skim milk powder rose 5.2 per cent to US$2727 a tonne. Anhydrous milk fat rose 3.3 per cent to US$2845 a tonne and cheddar dropped 2.9 per cent to US$2986 a tonne.

Butter milk powder climbed 7.2 per cent to US$2662 a tonne. Milk protein concentrate rose 2.4 per cent to US$4157 a tonne and rennet casein fell 1.8 per cent to US$6333 a tonne.

Advertisement
Advertise with NZME.

- Otago Daily Times, BusinessDesk

Save

    Share this article

Latest from Companies

Premium
Technology

‘Huge upheaval’: Big Govt department's tech team to be cut

11 Jul 04:00 AM
Property

Ryman sales down, Summerset sales at record levels

10 Jul 11:14 PM
Premium
Stock takes

Stock Takes: The power company gaining the most from the big wet

10 Jul 09:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Companies

Premium
‘Huge upheaval’: Big Govt department's tech team to be cut

‘Huge upheaval’: Big Govt department's tech team to be cut

11 Jul 04:00 AM

The Ministry of Social Development says most of those affected will be redeployed.

Ryman sales down, Summerset sales at record levels

Ryman sales down, Summerset sales at record levels

10 Jul 11:14 PM
Premium
Stock Takes: The power company gaining the most from the big wet

Stock Takes: The power company gaining the most from the big wet

10 Jul 09:00 PM
'Look mom, I made it to Times Square!': How Kiwi brand-tracking company celebrated a major milestone

'Look mom, I made it to Times Square!': How Kiwi brand-tracking company celebrated a major milestone

10 Jul 07:00 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP