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Fonterra top brass on notice from farmers as jobs go

2015-07-16 07:05:25| Food - Topix.net

Federated Farmers says top management should be leaving Fonterra Cooperative Group if results don't start improving in the next couple of years. The comments, from Fed Farmers dairy chair Andrew Hoggard were in response to the confirmation today by the world's largest dairy exporter that it will cut 523 jobs to save up to $60 a million a year on its payroll in the first swathe of a major review of the business.

Tags: top go jobs notice

 

Fonterra opens new ingredients factory at the Netherlands

2015-07-13 01:00:00| Food Processing Technology

New Zealand-based dairy cooperative Fonterra has opened a new ingredients factory at Heerenveen in the Netherlands.

Tags: the netherlands factory opens

 
 

Danone Nutricia posts full-year loss, blames Fonterra scare

2015-06-09 07:15:34| Food - Topix.net

Sales were disrupted in August 2013 when Danone had to recall 67,000 cans of its Karicare infant formula triggered by Fonterra's milk powder contamination warning. Photo / NZME.

Tags: posts loss scare blames

 

Fonterra Cooperative Group cuts Kiwi milk price amid dairy supply glut

2015-05-28 03:32:02| Food - Topix.net

New Zealand dairy giant Fonterra has cut the price it expects to pay its Kiwi farmers for milk for the second time in two months as persistent oversupply of dairy products weighs on commodity prices. Fonterra, the world's biggest dairy exporter and the second-biggest dairy processor in Australia, on Thursday cut its 2014-15 farmgate milk price forecast by NZ10 to to $NZ4.50 per kilogram of milk solids, the lowest level in eight years.

Tags: price group supply milk

 

Fonterra to cut farmer payout but expects milk price to recover

2015-05-28 03:32:01| Food - Topix.net

Fonterra Cooperative Group, the world's biggest dairy exporter, forecast a recovery in milk prices even as it cut its estimated payout to New Zealand farmers for the current season. Fonterra Thursday lowered its 2014-15 payout by 10c to $NZ4.40 a kilogram of milksolids, and forecast a farmgate milk price of $5NZ5.25 a kilogram for the season ending May 2016.

Tags: to price cut milk

 

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