
Danone says court delay an injustice
Danone argued in the Court of Appeal it was an injustice for it to have to wait until 2018 to go to trial against Fonterra regarding last year's dairy contamination scare.
Danone argued in the Court of Appeal it was an injustice for it to have to wait until 2018 to go to trial against Fonterra regarding last year's dairy contamination scare.
Fonterra has confirmed Sri Lankan officials have suspended the sale of some Anchor milk powder, amid concerns it has made children sick.
New Zealand's "rock star" economic growth of the past couple of years has been attributed to two things: high dairy prices and the Christchurch rebuild.
New Zealand commodity prices fell for a seventh consecutive month to an 18-month low in September, led by declining dairy prices.
Farmers are preparing for an austere 2014/15 season after a major drop in prices at last night's GlobalDairyTrade auction, says Federated Farmers boss.
Tatua, the small Waikato-based dairy co-operative, did well over the 2014/15 dairy season while its far bigger competitor, Fonterra, did not. The reason - powder.
A simple label to help people detect how much milk is left in their light-proof bottles is unlikely to be used by Fonterra.
New Zealand rural confidence levels have fallen to a two-year low thanks to plunging dairy prices, according to Rabobank's latest quarterly rural confidence survey.
Fonterra is expected to reveal operating earnings at the lower end of an already published forecast range for the year to July 31 when it reports its result tomorrow.
The gap between what New Zealand earns from the rest of the world through trade and investment and what it pays widened in the June quarter as falling dairy exports started to weigh on the trade balance.
Danone Nutricia, one of the infant formula companies caught in the Fonterra whey protein contamination scare, says it is still feeling the effects of the incident one year on.
Dairy farmers in this country can expect to come under financial pressure if milk powder prices remain low and tensions in Europe continue to mount, say economists.
Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder.
New Zealand commodity prices fell for a sixth straight month in August, taking the index to a 17-month low.
Fonterra is pinning its hopes on a tie-up with Chinese infant formula giant Beingmate as it pushes into China's lucrative baby milk market.
Westland Milk Products, the Hokitika-based dairy cooperative, has overtaken rival Fonterra in cutting its forecast payout to farmers.
Fonterra says it plans to spend about $1.17 bon taking a 20 per cent stake in China's Beingmate Baby & Child to boost its baby formula aspirations there.
What a difference a year makes. Twelve months ago Fonterra chief executive Theo Spierings was facing the fallout from the disastrous botulism false alarm, which sparked panic in markets across the globe, especially China.
Dairy prices showed signs of stabilising overnight, with the GlobalDairyTrade main price index slipping by just 0.6 per cent.
Danone is fighting to keep its New Zealand lawsuit against Fonterra alive and is appealing the High Court decision to put the case on hold.
Danone is fighting to keep its New Zealand lawsuit against Fonterra live and is appealing the High Court putting the case on hold.
Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar.
Commodity prices fell for a fifth straight month, led by whole milk powder, reflecting a build-up of inventory in China and strong local milk production.