
Fonterra's Chinese baby steps
As the dairy co-op tries to sell infant formula to Chinese parents, it's playing catch-up with competitors who got there first.
As the dairy co-op tries to sell infant formula to Chinese parents, it's playing catch-up with competitors who got there first.
There is no "get out of jail free" card for dairy farmers in the current dairy downturn.
Dairy product prices have held steady at the latest Global Dairy Trade auction.
Big buys at annual agricultural event are likely to be lower on the shopping list for some who are hurting, especially dairy farmers.
Fonterra's loss-making Australian operation is likely be in the black this year now the co-operative is paying a more realistic milk price.
COMMENT: A number of recent developments highlight concerns about the corporate governance of rural-based companies.
Fonterra's plan to alter its governance structure has been defeated.
Fonterra's shareholders will vote tomorrow on a raft of changes - including reducing the board's size to 11 from 13.
Fonterra chairman John Wilson has linked Theo Spierings' resignation rumours to next week's farmer vote on changes.
Hopes are running high that the first GlobalDairyTrade (GDT) auction for 2016/17 will show an improvement in dairy prices.
Fonterra's moved quickly to reject Australian media reports that Spierings is preparing to step down.
The milk price of $4.25 per kg remains well below DairyNZ's $5.25 per kg estimate of breakeven.
Fonterra is co-operating fully with the ACCC in its investigation of the sudden slump in milk prices.
Christina Zhu didn't know quite what she was getting herself into when she joined Fonterra in 2011.
Australian dairy farmers want the government's help in gaining security around milk prices.
It's not only NZ dairy farmers unhappy about farm gate prices.
Dairy prices ended the 2015/6 season on a firm note with the GlobalDairyTrade price index rising by 2.6 per cent at this morning's auction.
Dairy prices should start improving 'in the medium term'.
A mild improvement in dairy prices is expected at this week's GlobalDairyTrade auction - the last for the 2015-16 season.
Housing debt got all the attention yesterday, but dairy debt remains near the top list of Reserve Bank of the threats to the economy.
Fonterra has enlisted the help of Richie McCaw to help show the co-operative is not a "faceless corporate".
A group of Australian dairy farmers plans a series of rallies after Fonterra and other processors slashed farmgate milk prices.
Fonterra cut its farmgate milk price in Australia yesterday to fall more in line with the key price setter there, Murray Goulburn.
Fonterra said the price change better reflects the reality of the supply and demand imbalance affecting global dairy prices.
Fonterra's former world headquarters will be converted into an 88-unit apartment block clad in a new white steel and alloy lattice-work exoskeleton.
COMMENT: We need dreamers. But Gary Helou dreamed a little too hard for a little too long.
Fonterra Cooperative Group says milk collection is down in both New Zealand and Australia in the first 10 months of the season.