Displaying items by tag: Fonterra
Theo asks for his salary to be iced
Fonterra chair John Wilson says there has been “a complete misunderstanding” over the pay increase for the co-op’s chief executive.
Fonterra’s PKE decision upsets many
Fonterra is being urged not to force restrictions on the use of palm kernel expeller (PKE) without consulting farmers.
Lukewarm response to TPP dairy deal
Fonterra and the Dairy Companies Association of New Zealand (DCANZ) heads are both disappointed in the Trans Pacific Partnership (TPP) agreement on dairy but there are "useful gains".
Eight Fonterra councillors return unopposed
Eight Fonterra Shareholders Council members have been returned unopposed for another three-year term.
More Brazilians want co-op’s key products
Amid Brazil's political and economic turmoil, onerous bureaucracy and almost non-existent market for fresh milk it’s hard to see the appeal for Fonterra.
Last season’s final milk payout ‘disappointing’
Fonterra farmers are disappointed with the final payout of $4.65/kgMS for last season.
Strong focus cash and costs drive profits up
Fonterra chief executive, Theo Spierings, says improved second half results in the 2015 financial year were driven by a strong focus on cash and costs.
Less milk for Fonterra this year
Fonterra expects to collect 5% less milk this season compared to last year.
Fonterra raises payout to $5/kgMS
Fonterra has lifted its 2015-16 forecast payout by 75 cents to $5.00 to $5.10/kgMS.
The farmgate milk price increases to $4.60 and the dividend payment remains at 40 to 50c/share.
Banks forecasting big production drop
Milk prices should keep rising given the scenario of falling NZ milk production.