Fonterra

NZ's Fonterra Cuts Farmgate Milk Prices As Virus Hits Demand

Fonterra said the coronavirus pandemic was 'like nothing we've experienced before' as the world's largest dairy exporter cut the price it pays farmers for...

New Zealand's Fonterra Among Investors In German Food Start-Up YFood

Fonterra has joined a group of companies investing €15 million ($16.3 million) in German food start-up YFood, according to a statement, the latest sig...

Fonterra Extends 'MyMilk' Initiative In New Zealand

Dairy firm Fonterra has announced the extension of its 'MyMilk' initiative to New Zealand's North Island, with a view to recruiting more farmers to join it...

Dairy Giant Fonterra Defers Annual Results To End September

New Zealand-based dairy giant Fonterra has announced a deferral of its annual results announcement to the end of the month, citing ‘significant accou...

Dairy Giant Fonterra Anticipating Major Loss In FY 2019

New Zealand-based dairy giant Fonterra has said that it expects to report a loss of between NZ$590 million (€341 million) and NZ$675 million (€39...

Dry Weather Crimps Fonterra's NZ, Australia Milk Output

Dairy group Fonterra on Thursday said its New Zealand milk production fell 10% in April from the year before as dry weather hit farms. The world's bigge...

Fonterra Cuts Guidance, Shuts Plant In 'New Norm' For Australian Dairy

New Zealand's Fonterra on Thursday cut its annual earnings guidance and said it would close a more than 100-year-old facility in Australia as dry weather a...

Global Dairy Prices Rise Again At Auction

Global dairy prices rose at the first auction of the year last week, continuing a recovery after falling throughout most of last year. The GDT Price Ind...