Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Fonterra's joint venture with Chinese infant food company Beingmate is a step closer to fruition.
The joint venture has been formalised and subject to final regulatory approvals the first product destined for Beingmate's Chinese customers is expected to roll off the Darnum line in Victoria, Australia in the second half of 2016.
The joint venture sees Beingmate take a 51% stake in Australia's premier paediatric powder plant at Darnum, Fonterra retaining a 49% stake and controlling operations at the plant.
The Darnum joint venture is a key component of Fonterra's partnership with Beingmate to create an integrated global supply chain from the farmgate direct to China consumers, using Fonterra's milk pools and manufacturing sites in New Zealand, Australia and Europe.
Fonterra last year also paid out $755 million for a 18.8% stake in Shenzen-listed Beingmate Baby & Child Food.
Last August, Fonterra and Beingmate said they intended to form a global partnership to help meet China's growing demand for infant formula.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.