Displaying items by tag: RENE DEDONCKER

Fonterra is talking up the strength of its Australian business despite a 70% drop in half-year profit after tax.

A long-running trademark dispute between Fonterra and Australian dairy giant Bega Cheese has ended with the court last month rejecting both parties’ claims.

Fonterra says its payouts to Australian farmers are being funded by its operations, not propped up from other places in the balance sheet.

Fonterra’s Australian milk suppliers are going to be paid more for their milk than what the co-op’s NZ farmer shareholders are getting.

Fonterra's new $150 million cheese plant in Australia will help meet growing demand, says the co-op’s Australia managing director René Dedoncker.

Fonterra has increased the farm gate milk price for its Australian suppliers by A20c/kgMS.

Fonterra will pay its Australian suppliers an opening price of A$5.30/kgMS for the 2017-18 season.

Fonterra’s milk suppliers in Australia will receive between A$5.70/kgMS and A$6.10/kgMS in the new season- this includes an additional A40c/kgMS for all current, retired and recommencing suppliers.