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Last updated on April 19, 2014 at 1:20 EDT

Latest Fonterra Stories

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...

2008-10-04 15:00:10

By JANES, Andrew FONTERRA is expected to lift its payout forecast for this season by at least 30 cents a kilogram of milk solids after a board meeting on Thursday. The dairy industry expects the co-op to reveal the payout boost in an announcement on Friday in which it will also re-set the price of its fair value shares and make its initial estimate of the payout for the 2008-09 season. According to industry sources, Fonterra has been telling farmers at recent meetings to expect a...

2008-10-03 09:00:24

Fonterra Brands New Zealand has confirmed that it will lower the price of its dairy products in the coming months. According to the company, while global dairy commodity prices remain well above traditional levels they are softening and this will flow through to the prices it charges its customers for products such as cheese and butter. Peter McClure, managing director of Fonterra Brands, said: "While we do not set retail prices, the prices we charge our customers will fall and we expect...

2008-10-02 15:00:32

By HARDING, Evan ENVIRONMENT SOUTHLAND is supporting a judge who has warned southern dairy farmers to clean up their act or face closure. Environment Court Judge Jeff Smith said during sentencing in the Invercargill District Court last week that if prosecutions of dairy farmers for discharging dairy shed effluent into natural waterways continued it was likely the court would increase fines above $15,000. He also warned that if compliance did not improve significantly the court may...

2008-10-01 15:00:22

High dairy prices have dampened global consumer demand. --------- ----------- The new payout announcement made by Fonterra will not lead to a dramatic belt tightening by dairy farmers. This is the belief of Manawatu/ Rangitikei Federated Farmers vice- chairman and Kiwitea dairy farmer Andrew Hoggard. "As history goes it's still a damn awesome payout. But given that our bottom line costs have also gone up, I guess there will be a few plans around capital expenditure that get put on the...

2008-09-29 14:41:06

By BRETT, Cate THIS TIME last week the story was about China and the thousands of infants whose health has been compromised by contaminated milk powder. Had it not been for the fact our flagship exporter Fonterra was centre stage, the story would probably have run on the world pages. But the story has morphed into a global food safety crisis as products containing melamine are pulled from supermarket shelves all over the world. And yesterday we learn that one of New Zealand's most expensive...