Quantcast

Latest Fonterra Stories

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...

2008-09-29 06:00:25

By Jim Yardley and David Barboza Barely a month ago, China's staging of the Beijing Olympics demonstrated how the Communist Party could mobilize its authoritarian political system. But the international scandal unfolding over China's contaminated dairy products is demonstrating, again, the weaknesses of that system. In recent days, Prime Minister Wen Jiabao has apologized for a scandal that has sickened 53,000 children, killed at least three and devastated China's dairy industry, which...

bb1a4eaf9d17b578c65394b6edc76a0d1
2008-09-28 18:25:00

The list of products facing recall due to potential contamination with the chemical melamine grew larger Friday with the inclusion of many processed foods that contain milk and protein, such as chocolate and other snack foods.   Food companies throughout the world are now rapidly assessing their products and establishing strategies to prevent potential problems. "We have to think about any processed food with milk or protein in it," James Rice, China country manager for Tyson Foods...

2008-09-25 15:00:39

By WOOD, Alan Cheese and butter supermarket prices might ease a little after Fonterra cut its forecast milksolid payout but milk prices will stay around existing levels, to the frustration of consumers. Fonterra, which has just taken a $139 million hit on the value of its contaminated San Lu milk business in China, has reduced its predicted payout for 2008/09 to $6.60 a kilogram of milk solids, down from an earlier forecast of $7. That forecast payout is lower than expectations and...

6bbd10648b24e643da206b04585b06e21
2008-09-25 11:50:00

An industrial chemical linked to the deaths of four babies turned up in candies and other Chinese-made exports causing an increase in food recalls across Europe and Asia on Thursday.White Rabbit candy in China was pulled from shelves in Shanghai and the southern province of Hainan. They were the first public reports of domestic recalls of goods other than milk products and milk.According to the government's Center for Food Safety, tests on White Rabbit showed it contained an "unsatisfactory"...

2008-09-25 09:00:09

By Gillian Wong Associated Press BEIJING -- An industrial chemical that made its way into China's dairy supplies and that authorities blame in the death of four babies has turned up in numerous Chinese-made exports abroad -- from candies to yogurt to rice balls. British supermarket chain Tesco removed Chinese-made White Rabbit Creamy Candies off its shelves as a precaution amid reports that samples of the milk candy in Singapore and New Zealand had tested positive for melamine -- an...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'kardia,' heart.
Related