Fonterra Archives - Inside FMCG

Caltex takes top spot in list of Australian manufacturers

Lion and CUB both slipped back in the rankings based on company revenue.

Aussie milk declines at Fonterra

Demand for infant formula and skim milk powder from Australia also dropped over the last 12 months.

This week in FMCG

The top headlines this week.

Fonterra spends NZ$30m to gain control of Chilean milk processor

The purchase is part of the dairy giant’s plans to streamline operations in the country.

Fonterra raises forecast milk price

Fonterra chief executive Miles Hurrell said there are positive signals for milk price but warned that a lot can change.

Fonterra welcomes Mercury NZ boss to new role of chief operating officer

Fraser Whineray will join as chief operating officer in early 2020.

This week in FMCG

This week’s top news in the industry.

Fonterra posts NZ$557m loss, cuts Australian milk supply

Fonterra is scaling back how much milk it sources from Australian farmers.

Fonterra offloads stake in DFE Pharma for NZ$633m to reduce debt

The sale brings Fonterra’s debt reduction efforts to over NZ$1 billion.

Fonterra delays financial results for another week

The struggling dairy co-operative announced a number of asset write downs and one-off accounting adjustments last month.