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Dollar little changed ahead of Fonterra milk auction

2014-12-16 07:56:13| Food - Topix.net

The New Zealand dollar was little changed ahead of the next GlobalDairyTrade auction, the first since dairy exporter Fonterra Cooperative Group slashed its forecast payout for the current season in the face of falling milk prices. The kiwi traded at 77.45 US cents at 5pm in Wellington from 77.32 cents at 8am and 77.43 cents yesterday.

Tags: changed ahead dollar auction

 

Farmer body backs Fonterra milk plan

2014-12-14 21:48:43| Food - Topix.net

The Fonterra Shareholders Council is "broadly supportive" of plans for the co-operative to start sourcing milk from South Island suppliers who are not also shareholders, with a couple of caveats. Fonterra Co-operative Group, the world's largest dairy exporter, plans mymilk, a new milk-sourcing subsidiary that would try to get milk in the Canterbury, Otago, and Southland regions where competition for supply is most intense from new suppliers on contracts of up to five years without the obligation to buy shares.

Tags: plan body milk farmer

 
 

Dollar gains as investors shed greenback amid uncertainty, Fonterra looms

2014-12-10 02:36:18| Food - Topix.net

The New Zealand dollar advanced as investors sold the greenback on concern about political uncertainty in Greece and growth in China. Traders are also waiting for the release of Fonterra Cooperative Group's updated payout forecast.

Tags: dollar investors gains uncertainty

 

Fonterra shifts - silo' culture since WPC food scare

2014-12-09 23:26:42| Food - Topix.net

Fonterra Cooperative Group claims to have made significant progress on the entrenched "silo" mentality it was criticised for in the government's final report into last year's whey protein contamination scare. Stage two of the government inquiry into the WPC80 recall has recommended the Ministry for Primary Industries beef up its ability to manage food safety, including statutory powers to force companies to disclose relevant information that could then be handed over to other affected parties.

Tags: food culture shifts scare

 

Market Close: Shares gain led by Chorus; Fonterra fund rises on lower milk price

2014-12-03 08:12:41| Food - Topix.net

New Zealand shares rose led by Chorus as investors mull the impact of the proposed regulated price on the network operator's copper lines, while Spark New Zealand extended its decline on the prospect higher costs. Fonterra Shareholders' Fund gained on falling global dairy prices.

Tags: price close market lower

 

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