Displaying items by tag: Fonterra

Fonterra's communications boss Kerry Underhill has left the co-op after only two years on the job.

Fonterra's grip on the New Zealand ice cream market is facing a new test.

Fonterra has recently doubled its capacity to produce lactoferrin, a high-value ingredient that requires 10,000 litres of milk to produce one kilogram.

Like most New Zealanders, Sri Lankans are growing up drinking Anchor milk.

NZ dairy farmers need to keep the focus on the cost of production, because New Zealand is the only system in the world that can live through the current volatility, says Fonterra chief executive Theo Spierings.

Fonterra directors and shareholder councillors have strongly recommended farmers vote against a proposal to change the cooperative's capital structure.

Fonterra's Chinese partner Beingmate last month agreed to set up a joint venture to buy the co-op's Darnum, Victoria, plant.

The Fonterra board election was looking like a subdued affair. Chairman John Wilson and sitting directors Blue Read and Nicola Shadbolt were a shoe-in for the three seats up for grabs.

Fonterra board aspirant Ashley Waugh is questioning why the co-op's payout is never substantially ahead of other milk processors.

The Commerce Commission is considering gradual relaxation of the Dairy Industry Restructuring Act (DIRA) raw milk regulations that require Fonterra to supply milk to competitors.