Fonterra Archives - Inside FMCG
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.
Food giant Mars will acquire a majority stake in German nutrition company foodspring.
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.
Under the new legislation Fonterra will be allowed to refuse milk supply from farmers in certain circumstances.
The top headlines this week.
Fonterra said the factory was not viable in a low-milk pool environment.
NZ milk business confirms sale of popular ice cream brand.
Infant formula maker partners with dairy giant to produce first Australian made, certified organic grass-fed formula.
Lion, Coca-Cola Amatil, Nufarm and Inghams all made the top 30.