Plant-based bubble bursts
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Fonterra is talking up the strength of its Australian business despite a 70% drop in half-year profit after tax.
Each year, over 12,000 tonnes of Perfect Italiano Mozzarella embark on a journey from Fonterra Australia's Stanhope manufacturing site in northern Victoria to be expertly shredded at its secondary processing site in Tullamarine in Melbourne.
In some of Tasmania's most remote schools, students are getting a healthy breakfast and a chance to start the day on a full stomach, increasing their focus and appetite to learn.
Fonterra says improving global dairy prices and a revamp of its operations have enabled a rise in the farmgate milk price to Australian suppliers.
Fonterra is selling its Australian yoghurt and dairy dessert business to Parmalat Australia Pty Ltd.
Fonterra says it has a clear plan to return its Australian business to strong and sustainable profitability.
Fonterra Australia and Bellamy's Australia Limited are entering a five year, multi-million dollar strategic agreement to manufacture a range of new baby nutritional powders.
FONTERRA AUSTRALIA has been selected as the preferred supplier to process Woolworths Own Brand milk in Victoria for the next 10 years.
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