Fonterra has taken a $126 million hit over the sale of its stake in Venezuelan consumer joint venture, Corporacion Inlaca.
Fonterra is pulling out of a European joint venture as part of its portfolio review following last year’s disastrous financial results.
Fonterra says it has returned to profitability with a net profit of $80m for the first half of the 2019 financial year.
The Global Dairy Trade (GDT) auction continues to deliver good news for dairy farmers.
The Government says the proposed $10 million loan to Westland Milk is off the table.
The proposed sale of Westland Milk to Chinese company Yili is causing alarm among social media users.
Chinese dairy giant Yili says Westland Milk Co-op suppliers will benefit from a competitive milk payout and greater export opportunities.
Chinese dairy giant Yili will pay $588 million for dairy co-op Westland Milk, it was announced overnight.
Mind your negative language to farmers: that’s the message to rural professionals dealing with dairy farmers in the lower North Island.
Dairy farmers' equity in their farms looks to be staying flat or even declining slightly on average over the next ten years.
The dairy outlook is more rosy and positive than New Zealand producers may have been feeling about it, says US Rabobank global dairy strategist Mary Ledman.
Adding an auction in Europe should have no price impact overall on dairy prices, says Global Dairy Trade director Eric Hansen.
Spiralling expenses are the biggest concern to farmers right now, says Federated Farmers’ national dairy chair Chris Lewis.
Fitch has revised its rating outlook for Fonterra to negative from stable but reaffirmed the long term default rating as ‘A’.
The farmgate milk price could possibly rise beyond $7/kgMS in the 2019-20 season.
Miles Hurrell's confirmation as Fonterra’s chief executive has been warmly received on social media.
Fonterra chief executive Miles Hurrell is asking shareholders for time to turn the business around.
Fonterra says it has taken “a minority stake” in a US company promoting alternative protein.
Global dairy prices are continuing their golden run, with the Global Dairy Trade (GDT) price index posting its seventh consecutive rise overnight.
Fonterra has confirmed the appointment of Miles Hurrell as its chief executive officer with immediate effect.
Reports from many regions say the green grass seen on farms in January has now turned brown.
Fonterra's milk price review last week was a mixed bag, says Federated Farmers vice president Andrew Hoggard.
Conditions are in place for the start of a new dairy price cycle, says ASB senior rural economist, Nathan Penny.
Fonterra has delivered a mixed result to shareholders this morning.
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