Fonterra has released details of TAF (trading among farmers) which will allow outsiders to invest in the co-op for the first time.

FONTERRA CHAIRMAN Henry van der Heyden says the $8.2 million paid out to former chief executive Andrew Ferrier is not a ‘golden parachute’ deal. It is instead related to Ferrier’s performance during his eight-year stint at the co-op.

FONTERRA CHIEF executive Theo Spierings is expected to announce this week that the co-op’s annual revenues have for the first time exceeded $20 billion. The achievement caps Spierings first year at the helm of the co-op. 

Fonterra is considering consolidating brands to arrest a decline in its Australian business.

Fonterra has announced a final payout of $6.40/kgMS for the 2011-12 season, a drop of 19% over the previous year.

Fonterra welcomes the decision of the Commerce Commission to approve the acquisition of the assets of the New Zealand Dairies Ltd group in South Canterbury.

FONTERRA EXPECTS the current squeeze in global milk supply to lift dairy prices in coming months. 

Fonterra has dropped its 2012-13 forecast payout by 30c/kgMS, blaming it on the strong New Zealand currency.

FONTERRA CHAIRMAN-ELECT John Wilson has one hurdle to clear before he takes the helm of the co-op in December – and he’s happy about it.

Fonterra shareholders have voted in favour of implementing Trading Among Farmers.