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Tag: fonterra
Market Close: Shares rise, led by Xero; Fonterra gains
2015-09-28 09:12:45| Food - Topix.net
New Zealand shares rose, led by Xero, after it lifted fees for in its second largest market. Fonterra Shareholders' Fund extended recent gains as farmers bought in to access an interest free loan.
Dollar gains after Fonterra raises payout forecast, Guoxin commits to Christchurch investments
2015-09-24 08:34:52| Food - Topix.net
The New Zealand dollar rose after Fonterra Cooperative Group lifted its forecast payout to farmers, reducing the prospects of the rural sector slowing the economy, and after China's Guoxin International Co committed to raising some $3 billion to invest in the rebuild of Christchurch. The kiwi rose to 62.91 US cents as at 5pm in Wellington, from 62.63 cents late yesterday.
Tags: dollar
investments
gains
forecast
Yili's Oceania Dairy sets minimum 2015-16 milk payout well above Fonterra forecast
2015-09-21 07:27:11| Food - Topix.net
Oceania Dairy, the South Canterbury-based dairy company controlled by China's Inner Mongolia Yili Industrial Group, has set a guaranteed minimum milk payout for its suppliers this season at $4.50 per kilogram of milk solids, or 65c more than Fonterra Cooperative Group plans to pay. "With Fonterra reducing its forecast payout for the season to $3.85, we wanted to send an important signal of support and partnership to our supply farmers," said Roger Usmar, Oceania's general manager.
Tags: minimum
sets
milk
forecast
Fonterra Co-operative culls 750 jobs to cut costs
2015-09-21 03:12:37| Food - Topix.net
Dairy exporting giant Fonterra has cut 750 jobs so far as part of a major review to trim costs and remain competitive on the world stage. The Auckland-based company has issued an update on its business review in which chief executive Theo Spierings confirmed the job losses to date and warned there was more "fine-tuning" to come.
Tags: jobs
costs
cut
cooperative
Fonterra shelves coal mine idea
2015-09-09 20:56:48| Food - Topix.net
The group is still campaigning to cut Fonterra's use of coal, claiming it is the country's third-largest coal user. Photo / Christine Cornege Fonterra Co-operative Group, the country's largest milk processor, has confirmed it has put on hold a proposed coal mine at Mangatangi while it assesses its energy options.
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