Fonterra

Pic: Fonterra

Fonterra reports interim results

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2022 interim results, which show the coop has delivered a half year profit after tax of NZ$364m (US$249m), a total group normalized EBIT of NZ$607m (US$416m), which is a drop of 11%, and a decision...

Fonterra's Fixed Base Milk Price is a risk management tool that lets farmers lock in a set price for up to 70% of the season’s milk before it starts. Pic: ©Getty Images/petej

Fonterra announces fixed base milk price for 2019/20

By Jim Cornall

Fonterra farmers in Australia participating in the company’s Fixed Base Milk Price will be paid a guaranteed price of A$6.80 (US$4.74) per kilogram of milk solids (kgMS) for a portion of their milk for the 2019/20 season.

Fonterra CEO Miles Hurrell says the cooperative’s business performance must improve.

Fonterra looks for improvement after posting $196m loss

By Jim Cornall

New Zealand dairy cooperative Fonterra has announced its FY18 annual results, the plan to improve its business performance and the outlook for FY19, including a review of its investment with Chinese company Beingmate.

An aerial photo taken December 19, 2017 shows new clearance for palm oil plantation on the secondary dry land forest at concession PT Agrinusa Persada Mulia of GAMA Group in Toray village, Merauke subdistrict, Merauke district, Papua province. Pic: © Jurnasyanto Sukarno/Greenpeace

Greenpeace links Fonterra to Indonesian deforestation

By Jim Cornall

A just-published Greenpeace investigation alleges that New Zealand dairy giant Fonterra Cooperative Group’s key supplier of palm kernel extract (PKE) has links to a huge expanse of deforestation in Indonesia.

Fonterra's products, such as Anmum, Fernleaf and Anchor, will now be available through Lazada to 560m consumers in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Fonterra partners with online company Lazada

By Jim Cornall

New Zealand cooperative Fonterra, the world’s largest dairy exporter, is expanding its online presence to consumers in Southeast Asia for the first time through a new partnership with Lazada, an online shopping destination in the region.

Fonterra has developed a white butter to meet demand in the Middle East and North Africa.

Fonterra develops white butter for Middle East

By Jim Cornall

Fonterra’s Research and Development Centre alongside its global ingredients business, NZMP, has developed a new white butter product for manufacturers in the Middle East market.

Fonterra announced increased profits and an increase in its dividend for farmers

Fonterra profits more than double

By Jim Cornall

New Zealand dairy cooperative Fonterra has announced its first half results for the six months ending January 31, 2016.

Fonterra is dropping its milk price again by 6%

Fonterra drops milk price again

By Jim Cornall

Fonterra has reduced its forecast farmgate milk price for the 2015/16 season by 6% from $2.80 (NZ$4.15) per kgMS to $2.63 (NZ$3.90) per kgMS.

Three new Fonterra plants were officially opened at Edendale last month, however, the future for the Kaikoura plant looks bleak

Fonterra looks at plant closure

By Jim Cornall

Fonterra is in discussions to close its Kaikoura cheese-making site in New Zealand, with 22 full-time jobs at risk.

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