Fonterra Archives - Inside FMCG

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.

Fonterra: Too early to discuss job impact from organisational changes

Fonterra told employees it was scrapping bonuses and freezing pay hikes of about 7,000 employees.

Fonterra flags major full-year loss

Fonterra is expecting a loss of between $NZ590 million to $NZ675 million for the full year due to ” one-off adjustments.

Fonterra to gain $64m on foodspring deal with Mars

Food giant Mars will acquire a majority stake in German nutrition company foodspring.

Fonterra milk production declines in Australia

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.

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