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Latest Fonterra Stories

2008-10-13 09:00:48

Fonterra gives 5 million dollars to infant health in China WELLINGTON, Oct. 11 (Xinhua) -- The New Zealand dairy product giant Fonterra is to donate 5 million U.S. dollars to a Chinese charity to establish a health care program for mothers and babies in poor rural areas. Fonterra chief executive Andrew Ferrier signed a memorandum of understanding in Beijing with China Soong Ching Ling Foundation to fund the program over five years, the New Zealand Press Association reported on Saturday....

2008-10-10 15:00:23

By CRONSHAW, Tim Whether the hot run of dairying conversions on Southland sheep farms will get the speed wobbles could depend on the extent of red meat profits this season. Higher sheepmeat returns are expected to have a greater bearing on the conversion rate than the lowering of Fonterra's starting payout for 2008-09 to $6.60 a kilogram of milk solids, down from an earlier forecast of $7/kg. The credit crunch will also have would- be investors looking closely at their numbers. Last...

2008-10-08 15:00:20

By GALLOWAY, Jill The Dairy Trust company says it has the milk flow it needs and is about to start building a milk powder plant on its site in Wanganui. Dairy Trust is a wholly-owned subsidiary of meat company Affco. It is a new nationwide dairy industry player planning to take milk from farmers for processing as export milk powder. Chief executive Mark Fankhauser said there were surveyors at work on the Wanganui site and he expected earthworks to begin in the next few days. He said...

2008-10-07 18:00:18

Tokyo, Oct. 7 (Jiji Press)--Major Japanese beverage firm Kirin Holdings Co. said Tuesday it has agreed to sell its Australian Dairy Farmers' yogurt license to New Zealand's leading dairy firm Fonterra Co-operative Group Ltd. For an undisclosed sum, Fonterra will acquire the rights to manufacture and sell the Australian firm's core yogurt brand SKI. Kirin plans to buy Dairy Farmers in November at the earliest through its National Foods Ltd. unit, Australia's biggest dairy company.END...

2008-10-06 15:00:27

The contaminated milk scandal widens daily and consumers are being worried by ever more reports of melamine-related product recalls. Authorities found contaminated Chinese candy on store shelves in Connecticut; half a ton of Chinese candy was confiscated by officials in Lima; tainted sweets were found in Belgium and Germany. It started just a few weeks ago with reports of babies in China becoming ill after drinking milk formula made by Sanlu, a company with a significant (but apparently...

2008-10-06 15:05:00

By JANES, Andrew AFTER a year and a half of steadily rising dairy prices, shoppers are finally in for some relief when they buy milk, cheese, yoghurt, butter and icecream. Fonterra Brands, the consumer brands arm of the dairy co-op, says it will lower the price of its products in coming months because international dairy prices are falling. Fonterra Brands produces Anchor milk, Mainland cheese and Tip Top icecream among other brands. It sells about half of the dairy products in New...

2008-10-06 15:00:17

Product: St Ronan's Pastoral Ltd Offerer: MyFarm How it works: New Zealand's economy relies a lot on farming, but there are not many investment opportunities in the sector. MyFarm offers some, in the form of equity partnerships in farms, but they are not for everybody. In fact they are for the unusually wealthy (assets of more than $2 million or $200,000 per year income for the past two years) or for those with farming knowledge, as there are no investment statements or prospectuses for...

2008-10-06 15:00:15

By ANDERSON, Charles Some of New Zealand's 85,000 tonnes of electronic waste will find a safer home after a collection day in Nelson and Tasman tomorrow. eDay began in Wellington in 2006 in response to concerns that much of the electronic equipment which was thrown away could be safely recycled. The aim was to increase community awareness of the hazardous nature of electronic equipment and to make it clear that disposal in landfills was not a sustainable option. The collection will be...

2008-10-06 15:00:03

By ARNOLD, Karen FONTERRA IS in the dark about its liability for compensation payouts as the global fallout from the Sanlu tainted milk saga continues. But the government says diplomatic ties between New Zealand and China remain strong despite Fonterra's link to the scandal. An estimated 54,000 Chinese babies have become ill and four have died after developing kidney problems as a result of drinking milk powder formula which contained the poison melamine. If melamine is blended...

2008-10-05 12:00:14

By David Barboza At a dairy farming village on the outskirts of this northern city, a group of residents surrounded a village official last week, and started berating him. "We've lost everything, but look at the nice car you have," one dairy farmer said, pointing at a government official they called Mr. Wang, who stood uncomfortably by a shiny Volkswagen in Nantongyi Village. "You know everything but you won't talk. You have no conscience!" another man shouted. China's dairy farmers...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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