Tag: Fonterra

Fonterra Forecasts Up To $675m Loss For Year
Business, Farming
260 views
Business, Farming
260 views

Fonterra Forecasts Up To $675m Loss For Year

News Desk - Aug 12, 2019

Dairy giant Fonterra is forecasting another big loss as it writes down the value of underperforming overseas assets. The co-operative is forecasting a loss of between $590…

Fonterra Provides Strategy, Milk & Earnings Update
Business, Farming
542 views
Business, Farming
542 views

Fonterra Provides Strategy, Milk & Earnings Update

News Desk - May 23, 2019

Business Hub Presented by Fonterra Co-operative Group Limited today gave an update on its strategy review and shared timeframes for turning around the Co-op’s performance. At the…

Fonterra Confirms Tip Top Ice Cream Sale
Business, News
966 views
Business, News
966 views

Fonterra Confirms Tip Top Ice Cream Sale

Business Hub - May 13, 2019

New Zealand’s iconic ice cream company has a new owner, after global ice cream company Froneri today purchased Tip Top from Fonterra for $380 million. Fonterra CEO…

Dairy prices: 10th Straight Rise As Volumes Fall More Than 9 percent
News, Rural
500 views
News, Rural
500 views

Dairy prices: 10th Straight Rise As Volumes Fall More Than 9 percent

News Desk - Apr 17, 2019

Dairy prices have again risen slightly in the latest global auction keeping prices at close to a two-year high. The average price was up 0.5 percent to…

Fonterra Announces 2019 Interim Results & Strategic Review
Business, Farming
789 views
Business, Farming
789 views

Fonterra Announces 2019 Interim Results & Strategic Review

Business Hub - Mar 20, 2019

Fonterra Co-operative Group Limited today announced its 2019 Interim Results which show the Co-op has returned to profitability with a Net Profit After Tax (NPAT) of $80…

Fonterra Seeks Radical Revamp of Rules it Operates Under
Business, Farming
584 views
Business, Farming
584 views

Fonterra Seeks Radical Revamp of Rules it Operates Under

News Desk - Mar 07, 2019

Fonterra's comments have come in submissions to the biggest structural change in the dairy industry for almost two decades. At stake are a range of state-enforced constraints…

Acting CEO Now Permanent CEO of Fonterra
Business, Farming
527 views
Business, Farming
527 views

Acting CEO Now Permanent CEO of Fonterra

News Desk - Mar 05, 2019

Fonterra's acting chief executive will stay on permanently, with a pay packet of $1.95 million a year, after an international search was canned. Fonterra's interim chief executive…

Fonterra Signs Up Farms To Supply a2 Milk Company
Farming, News
728 views
Farming, News
728 views

Fonterra Signs Up Farms To Supply a2 Milk Company

News Desk - Feb 20, 2019

Starting today, Fonterra is signing up farms to supply milk for The a2 Milk Company in the 2019/2020 season. Mike Cronin, Fonterra Managing Director of Co-operative Affairs,…

Fonterra Announces Loss Of $196 Million
Business, News
1503 views
Business, News
1503 views

Fonterra Announces Loss Of $196 Million

Business Hub - Sep 13, 2018

Today Fonterra announces its FY18 annual results, the plan to improve its business performance and the outlook for FY19. The Co-operative reports a Net Loss After Tax…

From Darfield to Dongguan – Fonterra Dials Up Value Add
Business, News
635 views
Business, News
635 views

From Darfield to Dongguan – Fonterra Dials Up Value Add

Business Hub - Aug 26, 2018

Fonterra’s new cream cheese plant in Canterbury has started production and is set to manufacture up to 24,000 metric tonnes of cream cheese annually, bound for China.…