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Fonterra

Fonterra Archives

NZ dairy giants team up to tackle nitrogen leaching

“We’re all about finding ways to ensure Aotearoa New Zealand has a thriving environment and a thriving farming economy."

Fonterra acquires RFG’s Dairy Country business

The latest move of RFG falls under its 18-month restructure and transformation.

Fonterra realigns community outreach focus for New Zealand kids

Fonterra is ending its Milk for Schools initiative to expand its involvement in the Grow KickStart program with Sanitari...

Fonterra rolls out payment scheme to encourage more sustainable farming practices

Fonterra CEO says "the drivers of value are changing".

This week in FMCG

This week's top headlines.

Fonterra slammed for high global carbon emissions

Lactalis, Saputo and Danone are among 13 global dairy companies that have worsened climate pollution, according to the I...

Fonterra boosts earnings

Agriculture was labelled essential during New Zealand's lockdown and was one of the few industries able to keep doors op...

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.

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.