Buttery prize
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
Winston Peters' office loves to bag the dairy industry and Fonterra, mostly for all the wrong reasons.
Fonterra chairman John Wilson says dairy prices are expected to firm up early next year.
Fonterra shareholders will be watching hawk-eyed this week's annual general meeting in Waitoa.
A former Fonterra farmer director is warning that moves to downsize the co-op's board is fraught with risk.
Fonterra Shareholders' Council chairman, Duncan Coull, says record breaking efforts of shareholders saw 65% of farms, representing 73% of milksolids, cast their votes.
A former chief executive of Australian dairy processor National Foods and Waikato dairy farmer Ashley Waugh has been elected to the Fonterra Board of Directors.
New Zealand manufacturer of nutritional and wellness products, NIG Nutritionals (NIGN), is seeking capital to help it meet strong demand from China and wider Asian markets.
A one litre cream product sold to kitchens, restaurants and bakeries all through Asia and China is a real growth market, says Fonterra's operations manager Canpac, Russell Muir.
New Zealand Wool Services International's chief executive John Dawson says a slightly easier NZ dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported.
Federated Farmers says this morning's Global Dairy Trade auction, which delivered a third straight drop in the price index, was disappointing but not unexpected.
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Fonterra's return on capital sits at the bottom end of the range of returns of other global dairy co-ops, says the Shareholders Council.
Fonterra will sell its 50% interest in DairiConcepts, the co-op's US joint venture with Dairy Farmers of America (DFA).
A Waikato farm that bought a prototype 'fibreglass' rotary milking platform in 2010 says the plant has performed to promise and is still "like new".
Fonterra is setting up hubs of entrepreneurial young people to develop new business models, says Fonterra chief executive Theo Spierings.
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