dairy Archives - Inside FMCG
Australian exporters aren’t immune to international trade risks.
Dairy farmers call for 11-cent milk levy in face of high fodder prices and increasing energy costs.
Australia’s National Party has joined the call, passing a motion urging the federal government to ban plant-based and other alternative products calling themselves milk.
The struggling dairy co-operative announced a number of asset write downs and one-off accounting adjustments last month.
The dairy producer will provide $AU100,000 worth of whole milk and skim milk powder for the first order.
Fonterra told employees it was scrapping bonuses and freezing pay hikes of about 7,000 employees.
Fonterra is expecting a loss of between $NZ590 million to $NZ675 million for the full year due to ” one-off adjustments.
The dairy co-operative stands to lose hundreds of millions of dollars on the investment.
Milk Matters designed to bring greater transparency to the dairy industry.
Fonterra’s Australian milk production for the 12 months to April was down 6.1 per cent due to poor weather conditions and rising costs.