Displaying items by tag: Fonterra

Fonterra's half-year results make unhappy reading to its 10,500 farmers, many struggling with drought and a precariously low payout.

A full makeover of Fonterra’s RD1 retail stores is on hold until the co-op’s finances improve.

Federated Farmers Dairy president Andrew Hoggard is urging farmers to maintain a frugal mindset in the face of disappointing half-year results by processors.

The battle for organic milk is heating up with a new farmer co-op launching in Taupo later this month.

Fonterra farmers are disappointed with the half-year results announced by Fonterra today, says Fonterra Shareholders Council chairman, Ian Brown.

Fonterra has described its half year trading as subdued, with revenues dropping 14% compared to last year.

Fonterra is maintaining its forecast farmgate milk payout of $4.70/kgMS this season.

Fonterra has made a u-turn on its organic business, on the back of growing global demand, lifting its premium to certified organic dairy farmers by 45 cents to $1.50/kgMS.

One in five Fonterra suppliers is on notice to improve the quality of their milking shed water.

Fonterra chief executive Theo Spierings says other multi-nationals have dealt with issues such as the 1080 threat so they are being kept informed not only for transparency but for best practice around the globe.