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Kiwi dollar falls after RBNZ adopts easing bias, Fonterra cuts forecast payout

2016-01-29 02:30:50| Food - Topix.net

The New Zealand dollar fell as the Reserve Bank adopted a bias towards lower interest rates with cheap fuel keeping a lid on inflation and Fonterra Cooperative Group reducing its forecast payout to farmers on dismal dairy prices. The kiwi dropped to 64.44USc at 5pm in Wellington from 65.18USc at 8am and 64.77USc yesterday.

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Fonterra Cheese Plant, Victoria

2016-01-22 01:00:00| Food Processing Technology

Fonterra Australia, the Australian division of New Zealand-based Fonterra Co-operative Group, announced plans to construct a state-of-the-art cheese manufacturing plant at its existing Stanhope facility in northern Victoria, in December 2015.

Tags: plant victoria cheese fonterra

 
 

Dairy prices fall, volumes increase at auction -NZ's Fonterra

2016-01-05 19:04:25| Food - Topix.net

Jan 5 International milk prices fell, while volumes increased in this month's first auction held by New Zealand's Fonterra Co-operative Group, the world's biggest dairy exporter. Fonterra's GDT Price Index dipped 1.6 percent, with an average selling price of $2,458 per tonne, in the auction held on Tuesday.

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12.23.15 -- Fonterra Australia To Invest $141 Million In State-Of-The-Art Cheese Plant

2015-12-22 01:15:33| dairynetwork News Articles

12/23/15Dairy Network.com Newsletter

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Dairy giant Fonterra sells Australian yoghurt, dairy dessert business

2015-12-16 03:26:47| Food - Topix.net

Dec 16 Fonterra Co-operative Group Ltd said Wednesday it will sell its Australian yoghurt and dairy dessert business to the Australian unit of Parmalat SpA as part of its plans to shore up its Australian operations. The deal, which is conditional on regulatory and other approvals, is expected to be completed in the first half of 2016, Fonterra said in a release.

Tags: business australian giant sells

 

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