The New Zealand Champions of Cheese Awards is calling for entries for 2024.
Fonterra’s first quarter profit after tax is up 85% on the same time last year as the dairy exporter banks better margins across its portfolio.
The ANZ World Commodity Price Index fell 1.3% month-on-month in November, ending the recent run of stronger prices, as food commodity prices softened.
Scientists at the AgResearch have developed ‘acoustic urine sensors’ to tackle the problem of nitrogen loss from the urine of cattle which affects water quality and leads to emissions of nitrous oxide, a potent greenhouse gas.
Synlait Milk has increased its forecast base milk price forecast for the 2023 / 2024 season to $7.25/kgMS from $7.00/kgMS.
Fonterra is taking its wellbeing nutrition solutions brand, Nutiani, to the High 5 NZ Health Summit in Auckland on November 24.
Milk powder, butter, and cheese led goods exports down $552m or 9.3% to $5.4bn in October 2023 compared to the same month last year, according to Stats NZ’s overseas merchandise trade statistics.
Lindsay Farm HB is recalling specific batches of its Lindsay Farm brand Organic Raw Milk (unpasteurised) as the product may contain Campylobacter.
Olam Food Ingredients has opened its new dairy-processing facility in Waikato.
A2 Milk is expecting its earnings to stay on track for 2024 and would still reach its sales target of $2bn by 2026, despite deterioration in the Chinese market, according to managing director David Bortolussi.
Pāmu will stop selling bovine milk products, including infant milk powder, to China next year.
Indicative bids are in for Synlait’s consumer dairy business, however, they are reportedly short of the expected price-tag of around $130m.
Scientists have broadly welcomed Fonterra’s roadmap to reduce its scope 3 emissions but have questioned the use of intensity targets rather than absolute goals.
Greenpeace Aotearoa says Fonterra’a proposed climate roadmap is little more than “polishing a turd” because it contains no real measures to reduce emissions.
The dairy co-op plans to cut its scope 3 emissions by adopting an intensity reduction goal rather than a hard target for cutting overall on-farm greenhouse gases.
Fonterra’s dairy ingredients and solutions brand, NZMP, has published advice on recombination for its customers.
The burgeoning grocery supplier moves on another household staple in an effort to grow sales in the sector.
Westland Dairy, Comvita and Scales are among the food firms shortlisted for the Deloitte Top 200 Awards, with a number of individuals also making the cut.
Fonterra has completed the sale of its Nestlé’s Dairy Partners Americas Brazil joint venture to French dairy company Lactalis.
The dairy co-op says Neil Beaumont is leaving this Friday having only just starting in February.
Westland Milk Products says it is on track to match the $1bn of revenue and $39m profit it posted in 2022, despite a sluggish global economy and volatile trading conditions.
New Zealand’s annual Ice Cream and Gelato Week starts on Sunday 5 November.
Entries have opened for the Fonterra Responsible Dairying category, as part of the 2024 New Zealand Dairy industry Award programme.
A trio of food firm leaders are heading for the exit, including the chair of troubled dairy processor Synlait, who only took up the role 10 months ago.
The dairy giant’s nutrition science solutions ventures arm has been given a new name and added three investments to its portfolio.
The fall in exports to China is continuing, according to Stats NZ, which said the total value of goods exported to China in the year ended September 2023 was $19.3bn.
The dairy companies have failed to resolve their dispute over A2’s right to cancel Synlait’s exclusive supply arrangements.
Froneri-owned ice cream brand Tip Top is bringing back its Cookies and Cream and Goody Goody Gum Drops flavours to grocery after they were paused last October.
The dairy quota system, which has been in place since 2007, is set to change following a review in the wake of New Zealand’s new free trade agreements.
The Commerce Commission is minded to approve an application from the Infant Nutrition Council (INC) seeking authorisation for an arrangement allowing the INC to restrict its members from advertising and marketing formula products for infants aged up to 12 months old.
Fonterra has revised its forecast for the farmgate milk price range, with the midpoint going up 50 cents.
Fonterra is stepping up its commercial probiotics game by forming a partnership with what it describes as a world-leading Irish research centre specialising in human microbiome.
Tatua Co-operative Dairy achieved record group income of $537m and earnings available for payout of $225m in the 12 months to July 2023.
The startup co-owned by Australia’s largest dairy co-op revealed the investment as stakeholders such as NZ’s FoodHQ and Miruku presented at AltProtein23 in Melbourne.
Cleaning product brand Will&Able, Z Energy, and Anchor Milk are expanding a trial of dedicated, closed-loop recycling bins at selected Z service stations from mid-September.
A line in Synlait Milk’s account reveal the amount the dairy firm received after launching an $8.8m lawsuit over its Talbot Forest Cheese Co acquisition.
The dairy company has listed a litany of factors that have contributed to its “poor” financial performance.
Goods exports fell $296m or 5.6% in August 2023 to $5bn, compared with August 2022 with meat and dairy behind the drop.
CEO Miles Hurrell says a sale of the NZ consumer business is not on the cards, despite a dire year, so what else did he and his CFO have to say about the embattled division?
Profit rockets 170% to $1.6bn but no thanks to its consumer division, which plunged to a $164m loss on the back of brand write-downs.
Goods exports increased $773m to $18.2b in the June 2023 quarter driven by dairy products, meat, and fish, according to Stats NZ’s latest balance of payments data.
Synlait Milk shares are hovering around $1.19 in trading today, after falling more than 9% to $1.16 at market close yeseterday.
Synlait Milk is disputing that its major customer, A2 Milk, has the right to cancel its exclusive arrangement after said notice was given on Friday.
More financial pain is expected for dairy farmers, but a demand-led resurgence is increasingly possible, according to the latest Rabobank Global Dairy quarterly report.
Fonterra plans to slim down its board from 11 to 9 seats.
Dr Debashree Roy from the Riddet Institute at Massey University has won the Falling Walls Lab Aotearoa New Zealand competition.
A trade ruling finds in favour of NZ, after dairy exporters miss out in an estimated $120m in revenue from the Canadian market.
Ongoing investment into trade liberalisation and resilient infrastructure is required to support the continued growth of the dairy sector, according to a new report by Sense Partners.
The Act Party has revealed more details of its proposal to implement a new Ministry of Regulation, with the primary sector forming one of the first to be targeted by the new department.
The global dairy giant’s new GM of NZ and Aus, Kathy Cavill, fills the gap left by former boss Rodrigo Lima.
There has been a reshuffle at the top of Rabobank’s annual ranking of global dairy firms as currency fluctuations, inflation and pricing come to the fore.
The trade surplus with China was $2bn in the June 2023 quarter, according to figures released by Stats NZ.
The Chinese food and beverage company is buying the shuttered Waikato dairy factory with plans to revive the cheese and UHT milk processing plant.
Fonterra plans to cut $1bn off its operating costs by 2030, according to chief executive Miles Hurrell who said the plan had been in development since late last year.
Queenstown’s Patagonia Chocolates has taken out the country’s top ice cream accolade being named Formula Foods Supreme Champion Boutique at the NZ Ice Cream & Gelato Awards 2023.
The precision fermentation startup Fonterra co-founded with partner Royal DSM last year now has a name, a CEO, and its first funding in the bank.
The Commerce Commission has received an application from the Infant Nutrition Council (INC) seeking authorisation for an arrangement allowing the INC to restrict its members from advertising and marketing formula products for infants aged up to 12 months old.
New Zealand’s food and fibre export earnings have been upgraded to a new record of $57.4bn.
The dairy company delivers a 27% jump in net profit but warns that challenging conditions in its largest market will continue into 2024.
The value of goods exported by New Zealand slumped 14% or $890m in July 2023 with dairy, meat and infant milk formula all heading sharply south, according to Stats NZ.
The NZ Ice Cream & Gelato Awards 2023 has resulted in 183 medals were being awarded, including 64 golds, 74 silvers, and 45 bronzes.
The government has today announced its final plan to reduce agricultural emissions and future-proof NZ’s largest export sector, according to Agriculture Minister Damien O’Connor.
Fonterra has reduced its farmgate milk price forecast for the second time in two weeks.
Livestock Improvement Corporation has downgraded its expected underlying earnings for 2023-24 as a result of the reduced farmgate milk price range and uncertainty in relation to farmer spending.
Food firms like Talley’s secure the lion’s share of the $33m fifth round of the Government Investment in Decarbonising Industry initiative.
Fonterra’s $50m share buyback programme will commence on 18 August 2023 and is expected to continue until 13 August 2024 as part of the co-op’s ongoing capital management programme.
Lewis Road adds Half & Half, street artist Gasp is drafted in for a Doritos limited edition, and Healtheries’ new type of gummy.
Synlait Milk has reduced its forecast base milk price for the 2023 / 2024 season to $7 per kg of milk solids from $8/kgMS.
Fonterra expects to end the year at the top end of its forecast earnings range of 65-80 cents per share.
Pure New Zealand Ice Cream is recalling a specific batch of its Pure New Zealand Ice Cream brand Artisan Boysenberry Gelato due to the presence of an undeclared allergen, namely, egg.
Agricultural commodity prices are expected to get worse, before they get better, according to Westpac’s latest Economic Overview report.
Fonterra has confirmed the key dates for its capital return after receiving final orders from the High Court sanctioning its farmer-approved scheme of arrangement.
New Zealand’s dairy and meat exports are coming under pressure with subdued demand from China playing a major role.
Fonterra’s B2B ingredients division, New Zealand Milk Products, has launched a new tool that aims to enable customers too quickly and effectively compare ingredients suitable for their specific needs.
Westland Milk Products has received a gold ranking from independent sustainability auditors EcoVadis.
Fonterra will this year provide native seedlings and resources to 22 schools participating in the Trees for Survival programme.
Fonterra is allocating $50m to start an on-market share buyback programme next month.
The proposed sale by Fonterra and Nestlé of their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis has caught the eye of staff at Brazil’s antitrust watchdog CADE.
Farmers have voted in favour of Fonterra’s capital return scheme.
A Waikato dairy company has been fined $32,500 over its failure to notify National Animal Identification and Tracing that it was moving 910 cattle onto its farm.
Exports of milk powder, butter and cheese rose to $1.77bn in June 2023, up 11% compared to the same month in 2022.
The government has pledged $90m from its GIDI fund to help Fonterra accelerate the exit of coal from its operations.
A 34-year Fonterra veteran is taking up the top job as chief executive officer of Ballance Agri-Nutrients.
The proposed $50m oat milk factory slated for Southland now looks likely to be built in Canterbury with broader plant-milk ambitions.
New Zealand Specialist Cheesemakers Association is launching the fourth year of its Top NZ Cheese Store accreditation programme.
Pet supplement specialist Newflands looks to break into foodservice with a unique new product for both pets and humans.
Chobani x Countdown x All Blacks = limited edition, Meyer Cheese marks Matariki, Frucor Suntory expands The Real McCoy, and Six Barrel’s latest experiment.
Fonterra has pushed back it’s upcoming special meeting to approve its proposed capital return.
Raw drinking milk producer Dreamview Creamery Real is recalling specific batches of raw milk as the product may contain listeria.
Administrators have been appointed to fledgling Waikato dairy processing business Happy Valley Nutrition.
Cheese exports rose $763m or 35% in the 12 months to May 2023, compared with the previous year reaching $3bn, according to Stats NZ.
Chobani launches two new ranges, Sprig & Fern’s limited edition with a new hop varietal, DB’s Odd Company looks for company, and AF Drinks’ 31-pack is back.
Registrations are now open for the third annual Vegan Society Cheese Awards.
Central Hawke’s Bay producer Lindsay Farm is recalling of specific batches of its Organic Raw Milk (unpasteurised) as the product may contain Campylobacter bacteria.
Following on from its gold Sofi award, Lewis Road Creamery’s 10 Star Certified Salted Butter has been named the 2023 Sofi Product of the Year.
Goods exports rose $189m or 2.8% to $7bn in May 2023, compared with the same month last year, led by milk powder, butter, and cheese.
DairyNZ has appointed Waikato-based Campbell Parker as its new chief executive.
The government is co-investing $17.7m into the construction of a new greenhouse gas testing facility at Massey University.
Fonterra has outlined plans for its proposed $800m shareholder capital return, following interim orders by the High Court.
The West Coast dairy company buys out its partner’s 60% stake in the loss-making infant formula joint venture.
Standalone business will incubate, scale and invest in nutrition science ventures via partnerships and M&A, with its first investment already inked.
Global ice cream company Froneri’s recent headway made at the operating level in New Zealand has melted away, after a tough 2022 saw it streamline its product range to combat supply chain disruption.
Synlait has reached a settlement in the legal action over its circa $38.5m purchase of Geraldine speciality cheesemaker Talbot Forest Cheese.
While Brexit has added cost and uncertainty for businesses, it has opened the door for the UK to diversify its dairy trade with other partners like New Zealand.
Its latest results come in the same month that the company completes its exit from New Zealand’s pie category.
Synlait has won approval to re-register A2 Milk’s Chinese labelled infant formula product.
Synlait has made more changes to its Executive Leadership Team which was unveiled in July last year, at the same time as it was going through a strategy refresh.
The decision to divest the consumer cheese businesses comes four years after investing around $150m to acquire them.
A relatively new joiner to Fonterra is to act up as chief operating officer replacing current COO Fraser Whineray who is leaving the co-op next month.
Synlait Milk has reduced its forecast base milk price for the 2022/2023 season by 10 cents to $8.20/kgMS.
Tasmanian company The Udder Way has partnered with Waikato owned and operated Green Valley Dairies to launch a reusable milk keg for hospitality operators.
The dairy co-op posts an almost threefold increase in third-quarter profit, although its consumer division is still in the doldrums.
The Warehouse has added $5 butter to its private label range, moving away from selling the Tararua brand as its loss-leader as it builds out its grocery offering.
Westland Milk Products is expanding its Westgold brand in Australia following a showcase of its products at Foodservice Australia 2023.
Exports of milk powder, butter, and cheese – New Zealand’s largest export commodity group – rose to $2bn in April 2023, up 26% compared to the same month last year, according to Stats NZ’s latest overseas merchandise trade statistics.
Fonterra Brands has been named 2023 Supplier of the Year Award by Australian wholesale distribution and marketing company Metcash.
A difficult start to 2023 due to extreme weather and cost inflation will give way to a better half of the year for growers and farmers, according to Westpac.
Lewis Road Creamery’s export butter has won gold at the prestigious USA Sofi Awards.
Growing demand for indulgence means new opportunities for the dairy industry, according to Mintel associate director David Faulkner.
A2 Milk’s US boss is leaving the company, and being replaced by current executive general manager ANZ, Kevin Bush.
The Australian plant-based manufacturer of Flora appoints a new sales and distribution partner in NZ as it embarks on the “next phase of its journey” in Aotearoa.
Food and drink industry appointments and people moves for the week to 5 May.
Cartwheel Creamery took home three coveted trophies from the 20th annual NZ Champion of Cheese Awards in Hamilton.
The chief executive of Dairy Holdings, Colin Glass, is stepping down from the DairyNZ board later this year.
New Zealand milk production was up 0.3% on a litres basis, or up 1% on milk solids basis, in March compared to March the year prior, according to Fonterra.
The company’s share price fell 27% on the NZX on Wednesday after an earnings guidance downgrade.
Goods exports rose $40m or 0.6% to $6.5bn in March, compared with the same month last year, led by a big jump in preparations of cereals, flour, starch, and milk including infant formula.
After a two-day trading halt, the dairy company says at worst it could end up $5m in the red after further reduced demand from “one of its customers”.
A2 Milk says it is “surprised at the extent of the reduction in Synlait’s guidance range,” and gives its own update on its full year outlook.
The investment will treble production of the high-value bioactive dairy ingredient at the company’s Hokitika site.
Regular winner Whittaker’s has claimed a triple victory in this year’s Reader’s Digest Most Trusted Brands Survey, while dairy brands slip down the ranks in 2023.
Fonterra says it will install a heat pump and solar thermal system at two of its sites, as part of its ongoing decarbonisation efforts.
Synlait requested the halt “to provide it with additional time to properly consider new information it has received which may require it to revise its previously issued guidance to the market.”
New Zealand Cheese Festival is returning to Blenheim to tie in with NZ Cheese Month.
Food and drink industry appointments and people moves for the week to 14 April.
The GM says Fonterra is looking to “push the boundaries” of its $1.2bn Anchor brand, and grow its footprint in South East Asia and China.
My Food Bag co-founder Theresa Gattung and Miraka chair Kingi Smiler have been inducted into the New Zealand Business Hall of Fame.
Fonterra has downgraded its forecast farmgate milk price to $8 to $8.60 per kilogram of milk solids, from its previous forecast of $8.20 to $8.80 per kgMS.
Fonterra has completed the sale of its Chilean Soprole business to Gloria Foods – JORB S.A.
New Zealand food and beverage companies are some of the most active exporters to Australia, benefitting from 40 years of a “gold standard free trade agreement” between the two nations.
Lewis Road Creamery is supporting the upcoming premiere season of Tony and Olivier Award-winning musical Kinky Boots.
A total of 162 cheeses have received medals in this year’s NZ Champions of Cheese Awards.
Fonterra’s flexible shareholding capital structure comes into effect today, after two years of development.
“Implementing SAP was the right decision, however, our readiness was not where we needed it to be,” says CEO Grant Watson.
“The biggest contributor to increasing revenue has been our high-value product strategy and to some extent high global commodity prices” – CEO Richard Wyeth.
Synlait Milk’s director of operations, Nigel Macdonald, has resigned.
New Zealand dairy giant Fonterra has not escaping scrutiny in a new international report which outlined more than 50 examples of “greenwashing” after analysing misleading claims in the food sector.
Synlait Milk has released a FY23 net profit after tax guidance range of $15m to $25m.
The co-op says a strong performance from ingredients and a recovery in foodservice more than offset ongoing challenges in its consumer business.
Fonterra wrote down the value of its New Zealand and Asian consumer brands by a total of $162m in the first half of FY23 as it battled higher input costs and ongoing pressure on margins.
Gross domestic product (GDP) fell 0.6% in the December 2022 quarter, following a 1.7% rise in the September 2022 quarter, according to quarterly figures released by Stats NZ.
Open Country Dairy CEO Steve Koekemoer is stepping up to become COO of parent company, Talley’s.
“A significant investment was needed to take Swappa Bottle from a pilot product to a nationwide proposition, and the economics to do this did not stack up,” Synlait says.
Synlait Milk has reduced its forecast base milk price for the 2022 / 2023 season to $8.50/kgMS from $9.00/kgMS.
The plant-based desserts venture will use some of the funding on export pilots for the US and Australia.
Goods and services exports for the December 2022 quarter totalled $24.7bn, up from $20.5bn in the December 2021 quarter, according to Stats NZ’s quarterly international trade statistics.
The precision fermentation start-up closes an oversubscribed funding round backed by fellow alt-diary specialist and Raglan Food co-founder Latesha Randall.
A US patent recently granted to plant-based startup Perfect Day has been challenged by an anonymous petitioner.
Judging will take place this weekend for the 20th annual NZ Champions of Cheese Awards.
Softening demand has seen Fonterra revise its full year 2023 farmgate milk price and collections.
Fonterra is progressing its condition sales of its Chilean Soprole business to Gloria Foods, having received sign-off from the country’s competition authority.
The dairy processor navigates a “very challenging market” to deliver double-digit interim earnings and revenue growth.
Synlait is moving to one of the last steps in its Chinese infant formula re-registration.
Independent dairy processor Open Country and food manufacturer Nestlé are partnering in a new project to help farmers offset greenhouse gas emissions by planting native trees on dairy farms.
New Zealand agriculture faces an uphill trek in 2023, with the difficulty of the climb set to hinge on four ‘wildcard’ factors, according to a new report by agribusiness banking specialist Rabobank.
DairyNZ chief executive Tim Mackle will step down in June after 15 years in the role.
Growing oats for milk in NZ uses less land and produces fewer greenhouse emissions than a traditional dairy system, but is also less profitable, according to a new study.
Co-founder Sally Gallagher is taking charge of growing exports for the Hawke’s Bay firm, which owns Boring Oat Milk and The Apple Press brands.
Due to reduced milk production, Synlait’s on-farm emissions intensity, per kg of milk solids, increased 1% over the past year, according to its newly published 2022 Sustainability Report.
Gross domestic product rose by 2% in the September 2022 quarter compared with Q2, according to Stats NZ, and it was accompanied by a revision upwards for the June 2022 quarter from 1.7% to 1.9%.
Entry is open for the 2023 NZ Champions of Cheese Awards, which will celebrate 20 years next year.
The regions producing meat and dairy have fared well but those reliant on horticulture have seen mixed fortunes, according to Westpac.
Fonterra and Nestlé are selling their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700m, which is approximately NZ$210m, subject to transaction adjustments.
Synlait Milk’s director of people and culture, Boyd Williams, has resigned.
Fonterra posted an 84% jump in normalised profit after tax in the first quarter, off the back of a strong margins in protein portfolio – particularly for casein and caseinate products used in medical nutrition.
Growing its foodservice business is one of Synlait seven key priorities for 2023 as it looks to increase its revenue to more than $2.5bn in the next five years.
NZ’s export revenue could fall by a quarter if the rise of alt-dairy sees it grow to take a 60% stake in the global dairy protein market, according to a new report.
Total exports of goods and services for the September 2022 quarter increased to $22.2bn, up from $17.7bn in the September 2021 quarter, according to Stats NZ.
NZ’s largest export, dairy, is on track to grow revenue by 6%, horticulture by 5%, and seafood by 4%.
New milk products with enhanced digestibility are expected to follow the two-year research project being funded by the dairy exporter.
Fonterra has confirmed that its new flexible shareholding capital structure is set to be implemented in late March 2023.
Price increases for dairy has helped boost New Zealand’s export values for October according to the latest overseas merchandise trade report from Stats NZ.
A2 Milk presented a slightly improved outlook to shareholders for its 2023 annual results, albeit currency volatility could still come into play.
The co-op says it “remains committed to targeting a significant capital return” following the deal.
Westpac has cut its 2022/23 milk price forecast to $8.75/kg, with larger than average falls also forecast for meat prices and a ‘mixed bag’ forecast for the horticultural sector over the coming six months.
MilkTechNZ has taken out two awards at the Waikato Chamber of Commerce Business Awards, including the Company-X Innovation Award.
The paneer maker is on the hunt for new capital as it ramps up production, with further supermarket and exports deals in the pipeline.
Westgold butter is now on the shelf of 550 Walmart stores across 19 states as part of drive into the US market.
A2 Milk has appointed the former chief executive officer of dairy company Yashili, Chopin Zhang, to the new executive leadership team role of chief supply chain officer.
Neil Beaumont will join the co-op next year from CAD$500bn investment fund Canada Pension Plan Investment Board.
A2 Milk has started its on-market share buyback across the New Zealand and Australian stock exchanges targeting 5% of its stock.
“We have had to change the way we make things,” says owner Marcus Moore, as the ice cream maker grapples with difficult conditions.
The government has requested the establishment of a panel to hear its dispute against Canada regarding the administration of dairy tariff rate quotas (TRQs) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Fonterra’s global managing director of foodservice has left the dairy co-operative to take charge of setting up the proposed $60m Southland oat milk factory.
Fonterra Australia has reached an agreement to settle class action proceedings filed on behalf of Australian farmers over a cut in milk payouts in 2016.
Fonterra, Foodstuffs North Island, Silver Fern Farms and Lion will all be vying for gongs at the 2022 Deloitte Top 200 Awards.
Synlait says it will manufacture A2 Milk infant formula products bound for the US market after temporary approval to supply was granted by the FDA.
A2 Milk Company shares jumped from $5.75 on Thursday morning to $6 today after it received temporary approval to sell its infant milk formula products in the United States.
Ice cream brand Tip Top has discontinued its two litre tubs of its Goody Goody Gum Drops and Cookies and Cream flavours.
A2 Milk is recruiting to fill a newly created role executive leadership team role of chief supply chain officer following the resignation after ten years of its current chief operations officer, Shareef Khan.
Goods exports jumped 37% or $1.6bn to $6bn in September 2022, compared with September 2021, according to the government’s latest Overseas merchandise trade statistics.
A2 Milk says it is reviewing the company’s remuneration practices to align its Australia and New Zealand executive packages and shareholders’ interests and expectations.
Institutional dairy investment fund Southern Pastures has been included in the annual benchmark report released by the Responsible Investment Association Australasia for the seventh year running.
The dairy company raids Fonterra’s senior ranks to appoint a director of advanced nutrition and a director of strategy, innovation and corporate.
Fonterra has released a Sustainable Finance Framework.
A global conference on infant and young children’s nutrition is being held over two days in Wellington on Tuesday and Wednesday this week.
Former Keytone Dairy boss Danny Rotman is stepping down as CEO the health & wellness group.
Pāmu’s burgeoning consumer food division saw its income jump, with new deer milk products launched and in the pipeline.
A multi-million dollar investment into a new Taranaki dairy factory is behind one of the latest brands to hit supermarket shelves.
Canary Foods says the deal will give it “even greater access to international markets”.
The A2 Milk Company has renewed its exclusive import and distribution arrangements with China State Farm Agribusiness Holding Shanghai (CSFA) for a term of five years from 1 October 2022.
Fonterra is trialing an organic polymer battery at its Waitoa UHT plant.
Uncertainty over re-opening its troublesome Temuka asset lands Synlait with a $12.2m impairment in an otherwise strong set of annual results, which see it return to profit.
A Kaipaki Dairies initiative is among the first recipients of the government’s $50m Plastics Innovation Fund.
Fonterra has commenced a pilot of digital capability that will enable customers to have greater visibility of their cargo through the delivery process.
Foodservice earnings fell 63% but ingredients jumped to more than $900m.
“We’ve looked at a number of options for our Australian business and have decided that it’s in the co-op’s best interests to maintain full ownership,” says CEO Miles Hurrell.
The global collaboration includes Sophie’s Bionutrients and Cawthron Institute and aims to unlock microalgae’s future in food nutrition.
Synlait Milk has completed two key projects, which sees the first phase of its decarbonisation roadmap completed.
Price rises across dairy commodities drove an annual increase in the value of exports for dairy products, according to Stats NZ.
An amendment bill introduced to Parliament today will provide greater economic security for New Zealanders by supporting Fonterra’s move to a new capital structure, says the government.
Food Safety Minister Meka Whaitiri will address the World Dairy Summit in New Delhi this week, the flagship event of the International Dairy Federation.
Synlait has received regulatory sign-off to continue to sell its major client A2 Milk’s infant milk formula in China.
Dairy giant Fonterra has increased its forecast for next year’s earnings lifting its forecast earnings guidance to 45c to 60c per share, up from 30c to 45c per share.
“We see a clear opportunity to win in critical segments of the global wellbeing nutrition space,” says chief innovation and brand officer, Komal Mistry-Mehta.
WheyTech Bionics NZ is developing what could be the first New Zealand-made sweetener to market – and one that diabetics could also use.
Talley’s ice cream business NZ Creameries and privately-owned Much Moore Ice Cream both took home a swag of silverware at the 2022 NZ Ice Cream and Gelato Awards.
Auckland artisan gelato maker Little ‘Lato has been named Supreme Boutique Champion at the NZ Ice Cream & Gelato Awards.
Are plant-based beverages and bovine milk nutritionally similar?
The dairy industry is on the cusp of change with global giants like Fonterra looking to develop fermentation-derived proteins and synthetic milk starting to arrive.
The Government intends to review the dairy quota allocation system to maximise export returns for New Zealand’s dairy industry, Agriculture Minister Damien O’Connor announced.
“We are pleased with the progress that has been made in stabilising the business, refreshing our strategy and improving our execution,” says MD David Bortolussi.
Synlait’s director of sustainability, brand, beverages and cream, Hamish Reid, is leaving the business.
Taupō low carbon dairy processing business Miraka will host the United Kingdom Secretary of State for International Trade, Anne-Marie Trevelyan, during the minister’s first visit to Aotearoa New Zealand.
Landcorp Farming, trading as Pāmu, has reported an earnings before interest, tax, depreciation, amortisation and revaluations of $75m for the year ended 30 June 2022.
Fonterra has cut its milk price forecast for the current year due to falling global dairy prices.
Westland Milk Products has reduced coal consumption at its Hokitika plant by 20% in the 2021-2022 season compared to the previous year.
The joint venture aims to commercialise precision fermentation IP developed in partnership with Royal DSM.
The precision fermentation startup has been selected to share just over a $1m in funding from the bank.
The plant-based food manufacturer is looking for investors to back both its short and long-term growth ambitions.
The dairy companies both make internal promotions to fill gaps in their executive teams – with Synlait also losing a director.
Two unregistered raw milk operators have been fined for separate incidents of trying to circumvent the rules that regulate the sale and supply of the product.
A record number of gold medals have been awarded in this year’s NZ Ice Cream and Gelato Awards.
The combined turnover of Rabobank’s Global Dairy Top 20 companies jumped by 9.3% in US dollar terms, following the prior year’s decline of 0.1%.
Diversification and collaboration are set to play a big role for the dairy company as it adapts to a future food environment.
Annual food price inflation has breached the 7% mark for the second time this year – just the second time in a decade – with the latest data showing food prices 7.4% higher in July this year than last.
Fonterra has released an upbeat forecast for its full-year profit.
The global ice cream company starts to make ground in NZ following its 2019 entry via the $380m Tip Top deal with Fonterra, and then the pandemic hitting.
The dairy company’s share price drops 10% after the FDA defers applications to import infant milk formula into the US.
The global brand is coming after NZ’s $270m yoghurt category, launching three ranges of its flagship greek yoghurt in Countdown.
Students and hobby cheesemakers are invited to the revamped Curds & Whey Amateur Cheesemaker Award which is part of the NZ Champions of Cheese Awards.
The food manufacturer is distancing itself from the red ink in its recent past, hitting a revenue milestone and improving its operating profit despite 2021’s challenging market conditions.
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Trading resumes in A2 Milk shares after the company says it is still awaiting a decision from the FDA clearing the way for its infant milk powder to go the US.
Westland Milk Products has officially opened its new $40m butter plant in Hokitika.
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The company cuts four executive roles and adds five as part of a strategy refresh built around nutrition, ingredients, consumer and foodservice opportunities.
The premium dairy company is taking its single serve sustainable butter product global, supported by a significant investment in its Hamilton plant.
Dairyworks is granted an application for wasted costs in a judgment that sheds some light on the court case.
The second of two newly created executive roles is filled by an internal appointment, this time by promoting GM capital strategy Emma Parsons.
The supreme gong at this year’s Vegan Cheese Awards went to Casheta by Savour, a cashew-based feta-style vegan cheese.
The dairy company secures a new UHT milk supply contract and renews its deal with its first Chinese customer, Mengniu.
New Zealand’s first electric milk tanker has been officially launched by Minister for Energy and Resources Megan Woods in Morrinsville.
Some 290 entries spanning ice creams, gelatos, sorbets and dairy-free frozen products have been received for the NZ Ice Cream & Gelato Awards being judged on Saturday.
“Nobody else knows the biochemistry of milk as well as our ecosystem does,” says precision fermentation startup co-founder Irina Miller.
Grocery prices continue to climb and are now 7.6% higher than this time last year, with milk, potato crisps and yoghurt notably more expensive.
The National Party has criticised the prime minister’s claim the that Free Trade Agreement New Zealand signed with the European Union was “arguably one of the best dairy deals that anyone has had with the EU”.
The Dairy Companies Association of New Zealand is set to welcome Matt Bolger as its new Independent chair upon the retirement of Malcolm Bailey from the role on 16 August 2022.
Synlait has increased its forecast base milk price forecast for the 2022 / 2023 season to $9.50/kgMS from $9.00/kgMS.
Registrations are now open for the annual Vegan Society Cheese Awards.
Move Logistics Group is looking to grow its supply chain market share by expanding its presence in dairy and oceans, appointing two new general managers to lead its efforts in those sectors.
The small red meat quotas are a missed opportunity and will continue to constrain exporters, MIA says.
A total of 29 trophies were doled out at the NZ Champions of Cheese Awards in Hamilton last night.
Fonterra has sold down its 100% ownership of the global dairy auction platform Global Dairy Trade to New Zealand’s Exchange and the European Energy Exchange.
Growing sheep milk supply, new market development and NPD to build on its range of infant formula, milk powder and nutrition products are all part of $20m programme.
The co-op is adding two new management roles and merging two business units, prompting the departure of 34-year veteran Kelvin Wickham.
New Zealand cheesemakers have called on the government not to give in to the “demands of Eurocrats” which would strip them of the right to use common description terms like Feta, Parmesan, and Gruyere, as part of EU-New Zealand Free Trade Agreement negotiations.
A deer milk product developed by the state-owned enterprise has won a global dairy innovation accolade.
Food price inflation is back to where it was in February – a decade long record at the time – as groceries push the index up.
Synlait has announced the resignation of its legal director, Deborah Marris, who oversaw a number of significant transactions, including the acquisitions of Talbot Forest Cheese and Dairyworks.
The Ministry for Primary Industries’ Sustainable Food and Fibre Futures fund is investing $473,261 over two years to enable and empower women working in the dairy sector.
Export revenue from New Zealand’s food and fibre sector is expected to reach a record $52.2bn in the year to June 2022, says the government.
The partnership says its proposal will help farmers and growers transition to lower-emissions food production while maintaining viable businesses.
Dairy co-op Fonterra is buying back $50m in its own shares because it believes the price is too low.
The Dairy Companies Association of New Zealand is calling for the European Union to move beyond dairy market protectionism in its trade negotiation with New Zealand.
A study of nitrate pollution looks at the industry’s impact on fresh water.
The NZ Ice Cream Manufacturers Association has opened entries for the 2022 New Zealand Ice Cream & Gelato Awards.
Fonterra has moved to boost liquidity in its share trading platform, Fonterra Shareholders Market, in response to its sinking share price, which has wiped more than $1bn of its value since April.
Greenpeace is calling for the phasing out of synthetic nitrogen fertiliser and a reduction in dairy stocking rates following the publication of research into the affect of dairy farming on water in Canterbury.
The dairy giant’s earnings are down 15% year-to-date as margins are squeezed and its overseas markets are disrupted by China lockdowns, the economic crisis in Sri Lanka and the Russia-Ukraine conflict.
New Zealand sheep and deer milk producers have made the shortlist of the World Dairy Innovation Awards 2022.
NZ Grass Fed Products, which sits alongside SP’s Lewis Road Creamery, is targeting growth through the wholesale and foodservice channels.
Rabobank has forecast a farmgate milk price of $9.00kg/MS for the 2022/23 dairy season, with a ‘fog of uncertainty’ clouding demand.
Exports were up 17% compared with April last year, according to Stats NZ, with food commodities performing strongly.
The dairy company is now facing a class action in the NZ High Court, which relates to earning disclosures in the same period as Australian claims.
Dairy prices have fallen for the fifth consecutive time at the fortnightly global dairy sale, with the average price dropping 2% to US$4,432 a tonne (NZ$6,970).
The dairy company taps a former colleague of boss David Bortolussi to become its new finance lead.
Craigmore Farming Services from Canterbury and North Otago was named the 2022 Fonterra Responsible Dairying Award winner at the New Zealand Dairy Industry Awards on Saturday night.
The latest food and beverage industry appointments and people moves.
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Shanghai port congestion could prolong elevated freight prices, while the foodservice shutdown means strong headwinds for dairy demand.
Fonterra has dropped its forecast milk price range for the season from $9.30 – $9.90 per kgMS to $9.10 – $9.50 per kgMS.
A milk business has been fined $30,000 for not following the rules that regulate the supply and sale of raw milk.
Boring Oat Milk’s Morgan Maw is casting her eye around international markets to assess the next move for what is New Zealand’s first fully domestically manufactured oat milk.
Fonterra is expanding its on-farm trials of methane reducing Asparagopsis seaweed.
The value of total good exports rose strongly in March 2022, driven by increases in dairy products, beef, and aluminium.
Kiwi Organic Dairy Equities is recalling a specific batch of its Ours Truly brand Organic Full Cream A3™ Milk due to the possible presence of Listeria monocytogenes.
Dairy company Fonterra has criticised the conclusions of a report commissioned by its largest competitor for New Zealand raw milk, Open Country Dairy, on the likely impact of its proposed restructuring.
In the face of other challenges, some have put their environmental policies on the backburner but that is dangerous short-term thinking, writes Southern Pastures’ Prem Maan.
Under-pressure meat processors are among business that will benefit from an increase in the class border exceptions and caps.
Milk powder, butter, and cheese made up 39% of total exports by Māori authorities in the December 2021 quarter, according to Stats NZ.
A study to examine the effects of milk powder consumption on nutritional value and digestive comfort has received funding from the High-Value Nutrition Ko Ngā Kai Whai Painga National Science Challenge
A new general manager is taking the reins at Lewis Road Creamery bringing years of marketing and F&B industry experience to the premium consumer dairy brand.
But rising costs are forcing consumers to re-think how they spend, says IRI.
The New Zealand Specialist Cheesemakers Association has announced 254 medal winners in the NZ Champions of Cheese Awards 2022.
The dairy company’s turnaround is gaining traction with its ingredients business leading growth.
Fonterra has reported a fall in milk production of 8.2% in New Zealand in February, when compared with the same month last year, according to its latest global dairy update.
Margaret Devlin fills an existing vacancy, while Mark Todd replaces Peter Schuyt who will be stepping down in October after almost nine years on the Board.
The dairy company has launched legal action against the vendors of loss-making Talbot Forest Cheese Co, which Synlait bought for close to $40m.
The company said today’s update was outside of its usual cycle of January, May and September updates but there had been a significant increase in all global commodity prices.
Dairy giant Fonterra is exiting its businesses in Russia and withdrawing from a joint venture partnership with Unifood.
Neil Senauer becomes the inaugural CEO of Southern Pastures’ wholesale and foodservice business.
A higher milk price heaped pressure on the dairy co-op’s foodservice and consumer margins, leading to a fall in interim profit.
Fonterra will shortly begin recruiting to replace Marc Rivers, who has resigned after four years with the co-op.
Spring Sheep Milk Co has won an innovation award for its Gentle Sheep Toddler Milk Drink.
Rabobank’s latest global dairy report says commodity prices are expected to remain elevated because production growth is not keeping up with demand.
The boutique dairy firm is balancing inflationary pressure with its strategy to drive the premiumisation of commodity dairy products.
Dairy giant Danone has become the largest certified B Corporation food and drink company in Australia and New Zealand.
New Zealand’s food exports to Russia total around $233m, and include dairy, apples, seafood and wine.
The sheep milk company is looking to diversify from its heavy reliance on the Chinese market, with the US, Japan and Singapore in its sights.
Federated Farmers is relieved hundreds of extra international dairy workers can enter New Zealand this season.
Global dairy prices have hit a new record.
Fonterra’s New Zealand milk collection dropped 6.1% to in January compared with the same month last year.
DairyNZ gives us the lowdown on its less-methane work and how it hopes to reduce emissions to help New Zealand meet its greenhouse gas targets.
New Zealand exports of milk powder, butter, cheese, jumped 15% to $1.6bn in January when compared with the same month a year earlier.
Fonterra is to operate New Zealand’s first electric 46T milk tanker.
Fonterra has lifted its farmgate milk price for the second time this year off the back of a rise in global prices and increased demand.
The boutique gelato business has secured shelf space in two of the country’s leading premium retailers.
Its Australian market share grows, but a wobbly US performance continues, and in-roads are made in China.
The company says the results are inline with expectations and that it has made progress on its turnaround initiatives.
Fonterra-owned Anchor has launched its plant-based milk bottles in supermarkets in the South Island.
Listed food industry supplier MHM Automation has reported a net profit of $1.41m for the six months to December 2021, up 279% on the previous corresponding period.
Fonterra is selling down its 100% ownership of the Global Dairy Trade platform, bringing in the European Energy Exchange and the New Zealand Stock Exchange.
weather which saw a state of emergency declared on the West Coast after flooding caused widespread damage
Entries close today for this year’s Champions of Cheese Awards.
But a new factory boosts production five-fold, supporting plans to expand into more supermarkets.
Global supply shortages will underpin firm commodity prices for dairy this year, while returns for kiwifruit will stay elevated thanks to strong demand, says Rabobank.
The company says the broadcaster made a series of false and defamatory claims about its operations.
Fonterra shareholders have overwhelmingly backed changes to the co-op’s capital structure with 85.16% of farmer votes supporting them.
Synlait’s speciality cheese business, Talbot Forest Cheese, has launched a new brand campaign following a packaging redesign.
The SOE targets the healthy ageing category for the longterm commercial success of its ‘world first’ product.
A new award recognising and promoting sustainability has been created as part of the 2022 New Zealand Champions of Cheese Awards.
The initiative with AgReseach seeks evidence that regenerative practices can make a positive difference in sustainable food production.
The dairy co-op’s first quarter EBIT falls 24% drop and it revises earning guidance down as its milk price forecast hits a new high.
Synlait Milk saw its total greenhouse gas emissions rise in the year to July 2021 but it fell significantly per product tonne for both its on- and off-farm work.
The purpose-led company commits to being a customer of New Zealand’s first purpose-built oat milk processing factory.
Dairy product manufacturer New Zealand Food Innovation Waikato has appointed Tony Giles as its new chief executive.
The A2 Milk Company says it will defend a second class action filed in the Supreme Court of Victoria in Australia, this time by Shine Lawyers.
The funds will be ploughed into scale-up for a US foodservice launch of animal-free mozzarella next year.
Just Life Group has hired Graeme Read to be its chief financial officer.
Irina Miller’s foodtech startup is seeking to develop alternative dairy proteins for a new generation of vegan foods.
The company has unveiled its new strategy to return it to the high-growth business it was pre-Covid.
Former dairy industry leader and minister of agriculture John Luxton has passed away, aged 75.
Tatua director Ross Townshend has resigned from the Waikato dairy co-operative’s board with immediate effect.
The country’s largest independent cheese maker has been forced to end a retail product it has been making for 27 years.
New Zealand’s signing of the US/EU Global Methane Pledge at COP26 could become a “massive structural risk to our food and fibre sector,” says KPMG’s Ian Proudfoot.
Fonterra’s proposed changes to its capital structure will be put to a shareholder vote on 9 December.
US consumers are a big focus for the dairy company’s increased volumes, and the UK is on the agenda thanks to the proposed FTA.
The tie-up is part of the exporter’s expansion of its higher value active living ingredient business.
The company is exploring a licensing deal as it looks to leverage New Zealand’s global reputation for dairy products.
Dairy company A2 Milk has set a target of $2bn revenue within five years by “capturing its full potential” in the China infant formula market and ramping up innovation.
Dairy giant Fonterra has hiked its 2021/22 farmgate milk price range to $7.90 – $8.90 per kg of milk solids, with a midpoint of $8.40 per kg, up from $8.
An appeal related to the Overseas Investment Office decision to approve the sale of Westland Milk Products to Chinese conglomerate Yili is set to start on Wednesday.
Olam Food Ingredients has rebranded itself as ‘ofi’.
The A2 Milk Company says it is aware of reports about a potential class action led by Australia’s Shine Lawyers but has no knowledge of any further legal proceedings.
Dairy company Fonterra has joined the Medical Nutrition International Industry (MNI), which represents companies that offer specialised nutrition solutions and services designed to meet the needs of patients.
Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.
Goodman Fielder is reducing the amount of virgin plastic originating from Meadow Fresh brand milk bottles by including recycled plastic content in its containers.
Food exports were strong in H1 but it’s an uneven recovery from Covid for infant formula, cherries and some seafood.
What does shifting demand mean for the future of the informal channel, which plays a big role for NZ brands such as A2 Milk?
Pavé clinches the contract to manage New Zealand sales for the plant-milk giant in the fast-growing category.
A2 “considers that it complied with disclosures notifications at all time,” following a class claim filing in Australia alleging misleading or deceptive conduct.
Consumer demand and the bedding down of new processes will dictate the next steps following the four-week trial.
The loss-making speciality cheese plant is to close until FY24 after dragging down Synlait’s consumer food division.
Fonterra’s consumer dairy brand, Anchor, has launched a new brand platform ‘A Taste of Home’ with a fully integrated brand campaign.
Miraka’s boss will join struggling Synlait in January to try and bring the dairy business back into the black by FY23.
Covid-19 has changed consumer behaviour helping to drive Fonterra’s consumer brands, says CEO Miles Hurrell.
A strategy reset will see billions invested in “differentiating NZ milk on the world stage” to drive the co-op up the value chain.
Fonterra says it cut its greenhouse gas emissions from coal by 11% in one year thanks to the conversion to renewable wood pellets at its Te Awamutu site.
Olam Food Ingredients has confirmed plans to develop a new dairy-processing facility in Waikato after exiting its ownership of Open Country Dairy earlier this year.
The company’s new CEO Nick Hammond talks culture, scale-up challenges, China, and the prospects for growth.
Fonterra, Zespri, and Foodstuffs are heavyweights in NZ’s top 30 co-operative rankings.
Synlait Milk has sold its Auckland premises at Richard Pearce Drive for $30.05m and will lease back the property.
The move to “review and reset the structure of the business” could see as many as 150 jobs go at the dairy company.
A quarterly review of all shares in the ASX to recalibrate the S&P Dow Jones Indices has seen New Zealand dairy companies A2 Milk and Synlait earmarked for removal from separate lists.
The plant-based milk business will ring-fence 1% of sales revenue to invest into making oats a “viable and exciting” alternative for farmers to grow.
Export prices for goods rose 8.3% on the previous quarter in the three months to June 2021, while import prices rose 4.8%, according to Stats NZ.
Internal promotions, arrivals and departures are all in today’s trio of executive food moves.
Otago cheese producer Whitestone has made an offer to provide free cheese to healthcare professionals in a bid to encourage staff to man a proposed drive-through Covid-19 vaccination centre in Oamaru.
Cathedral Cove Naturals is recalling all batches and all dates up to and including 21/10/2021 of its Cathedral Cove Naturals brand chocolate coconut yoghurt.
The Canterbury-based company has stood up a raft of ever more stringent measures to protect against the latest outbreak.
Cardrona Distillery proudly shows its support of love, diversity and inclusion via vodka; global ice cream brand Ben & Jerry’s tops out its tubs; and Invivo toasts its eighth vintage of Graham Norton’s Own Wines.
The prolonged impact of Covid-19 and a rapidly changing China market has prompted the company to launch a growth strategy review.
The NZ Ice Cream Manufacturers Association has moved the dates for the 2021 New Zealand Ice Cream Awards, shifting judging to the beginning of November.
Synlait recruits from Qatar to fill its director of operations role, while Fonterra goes internal for its new people and culture MD.
Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season is consistent with the Dairy Industry Restructuring Act (DIRA), says the Commerce Commission.
Suitors are reported to be weighing options around A2, but any potential offer would only be made after the milk company’s annual results next week.
Real Milk Timaru is recalling batches of its raw milk following the detection of Listeria during routine testing.
New Zealand Food & Grocery Council has submitted comments of the regulatory redesign of Animal Products and Wine Regulations respectively.
The family-owned Otago firm is making a play for the US butter market and expanding its retail efforts at home.
Synlait Milk has agreed terms to restructure its maturing debt pile following discussions with its banking syndicate after it secured a waiver for relevant FY21 covenants.
Fonterra has started the new season with production up across the board, according to the firm’s Global Dairy Update for July.
Hawke’s Bay milk producer Lindsay Farm is recalling specific batches of Lindsay Farm brand Organic Raw Milk (unpasteurised) as the product may contain Campylobacter.
Fonterra is to stop using coal at its Stirling cheese plant in Otago, moving to wood biomass to fire the site by August 2022.
New Zealand’s newest oat milk venture heads offshore to meet local demand as it waits for the proposed $50m Southland production facility.
The A2 Milk Company has filled another role in its leadership team appointing a new chief people and culture officer following the departure of Lisa Burquest in January.
Food Standards Australia New Zealand is calling for comment on an application to allow a new production method for a permitted oligosaccharide added to infant formula products.
The manager of the Fonterra Shareholders’ Fund is continuing to discuss the dairy group’s capital structure proposals in confidence with Fonterra and with advisers, as it awaited more details regarding the future of the fund.
The supreme winner of the Vegan Society Aotearoa New Zealand inaugural Vegan Cheese Awards was Dunedin deli Let Them Eat Vegan’s Cheddar Spread.
Farmer feedback set to shape Fonterra’s revised capital structure proposal, according to the dairy co-operative.
Following an initial round of funding by AGMARDT, the trust and Fonterra are backing further research into new UV treatment technology which has the potential to significantly reduce biosecurity risk and improve animal well-being in the dairy sector.
A video presentation from AgResearch senior scientist Dr Simon Loveday on whether New Zealand’s dairy companies could instead start processing plant proteins.
Described as a milk factory in a box, Happy Cow Milk Company, has today launched its second capital raise as it looks to scale-up its prototype into paddocks and retailers around the country.
Its Asia Pacific division will be split three ways in an effort to revive growth.
The Financial Markets Authority has found no evidence to press forward with action against Fonterra regarding the timing of accounting write-downs for Beingmate Baby and Child Food Co and the China Farm assets.
State-owned farmer Landcorp/Pāmu has upgraded its forecast EBITDAR to between $59m and $64m for the year to June, up from its previous forecast in February of $45m to $50m.
The Commerce Commission has updated its approach paper outlining the framework it applies when reviewing both how Fonterra sets its annual base milk price and the Milk Price Manual used to set the base milk price.
The Silver Fern Farms’ 2021 Farmer Conference gets underway in Wellington, while the Pasture Summit takes place in Hamilton.
A2 Milk says the Overseas Investment Office has signed off its proposed $268.5m purchase of a 75% interest in Southland dairy nutrition business Mataura Valley Milk.
The A2 Milk Company has appointed an infant nutrition marketing specialist from European food giant Danone as its new chief marketing officer.
Fonterra’s New Zealand milk collection for May 2021 was 75.3 million kgMS, 7.7% higher than the same month last year.
Fonterra is offloading its two joint venture farms in China to Singapore-based AustAsia Investment Holdings for $163m.
Monthly goods exports were up $461m to $5.9bn after a 12% rise in dairy products in the month of May, according to StatsNZ.
Food companies including Synlait, Fonterra, TipTop, and Hellers are backing a new project exploring an electromagnetic detection and imaging method aimed at boosting food safety systems.
A small Southland dairy operator has taken a leaf out of the Lewis Road’s play book teaming up with boutique chocolate and coffee companies to push into the flavoured milk category.
Real Milk Timaru is recalling specific batches of its Real Milk Timaru brand raw (unpasteurised) drinking milk as the product may contain Listeria monocytogenes.
The Sustainable Food and Fibre Futures fund is contributing $8.98m to a $22.23m project to investigate plantain’s potential to help farmers protect waterways and improve freshwater quality.
Westpac NZ is ending its position as national sponsor of New Zealand Dairy Industry Awards after more than ten years.
Rabobank has increased its forecast farmgate milk price for the 2021/22 dairy season to $8/kgMS – the same as peers including Fonterra.
Australian-listed Happy Valley Nutrition has signed a conditional agreement with North American dairy ingredient distributor, Burt Lewis Ingredients, for the supply of nutritional milk powders.
Manufacturing sales volumes reached a record peak of $27bn in the March quarter, up 0.4% or $113m from the December 2020 quarter, according to Stats NZ.
A clinical trial that could underpin the development of deer milk as a new industry in New Zealand has secured $244,000 of funding from the HVN Challenge.
Competition for container space is fierce, driving up costs alongside congestion and uncertain scheduling.
Around 4,000 Fonterra co-operative members have so far attended a consultation meeting or joined a webinar about the proposed changes to the group’s capital structure, according to an update from the co-op’s council.
Supermarket sales are on a growth trajectory with a new ice cream factory opening soon.
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The Canterbury company says it has been challenging getting its tankers to suppliers.
AGMARDT has announced the appointment of Trish Rankin as the next associate board member to join its board of trustees.
A2 said it believes it has complied with all disclosure obligations.
Synlait Milk has increased its forecast base milk price for the 2020/2021 season by 35 cents to $7.55 kgMS.
The Overseas Investment Office has given the green-light to the sale of a New Plymouth goat farm to a partnership owned by descendants of American Peter H Kuyper.
Oamaru’s Whitestone Cheese has opened its cheese bar in Auckland’s Viaduct.
Fonterra will contribute $12bn to the New Zealand economy in the next season, says the co-op’s chief executive, Miles Hurrell.
The award-winning specialist cheese producer is looking to buy its own farm and factory.
The dairy company now forecasts a full year loss of between $20m – $30m in 2021.
The Swedish oat milk company has become the latest plant-based IPO sensation in the US.
Surti Indian Samosa Limited is recalling a specific batch of Surti brand Paneer due to the possible presence of E. coli.
CFO’s departure follows that of chief executive Leon Clement and director of operations Mark Toomey.
The former darling of the NZX was forced to slash its revenue forecasts and write down the value of its assets.
The Dairy Companies Association of New Zealand is calling for a trade deal with the UK which comprehensively removes agricultural tariffs.
Awards given after judging of more than 310 cheeses entered in annual competition.
Preferred option for capital structure review would dismantle or cap fund that gives outside investors access to co-op.
New Zealand dairy giants may not be milking it for much longer, with futurist Melissa Clark-Reynolds predicting major disruption in the pipeline for the sector.
Fonterra yesterday went into a trading halt ahead of an announcement about its capital structure, expected this morning.
Oamaru-based artisan cheese producer Whitestone Cheese is building on their domestic market, shifting efforts from export markets.
A Taiwan-listed multinational pharmaceutical company is to invest $3.5m to convert a Waikato dairy farm to goat milk production.
Rabobank has hiked its farmgate milk price forecast by 60 cents to $7.60 kg/MS for the 2020/21 season.
Synlait Milk has reset its 2018 inaugural emissions reduction targets.
The dairy company says its new premium ingredients offering is for consumers seeking “sustainably, ethically and equitably produced” products.
New Zealand cheesemakers are up in arms over the European Commission’s continuing campaign to restrict the use of common names in international cheesemaking, with halloumi the latest target.
The Wānaka producer secures entry into Japan with distributor Horizon Farms.
The phenomenal rise of the Swedish oatmilk juggernaut is detailed ahead of a potential $10bn listing on the NYSE.
The duo join partners to plot a low emissions future for New Zealand’s freight sector.
A strategy is in the pipeline to help accelerate an already-booming industry.
The project will reduce the factory’s carbon emissions by 7%.
The dairy companies saw share prices slip following news that Synlait’s boss is leaving.
Leon Clement will leave the listed dairy company at the end of April.
There is opportunity for faster growth, according to the Organic Sector Market Report 2020/21.
The tie-up is a shot in the arm for PURE NZ Ice Cream after its foodservice and tourism channels were hit by Covid.
The Ministry of Primary Industries is recalling raw unpasteurised drinking milk from Central Hawke’s Bay producers Lindsay Farm following a detection of Campylobacter as part of a routine testing programme.
The Vegan Society Aotearoa New Zealand is questioning the need for dairy exports as the industry’s affect on the environment continues to be in the spotlight.
Fonterra has sold its two China farming hubs in Ying and Yutian to Inner Mongolia Youran Dairy Co.
New Zealand milk production increased 3% on a litres basis in February 2021, compared to February last year.
The co-op says it will remove coal from its sites, as it continues its transition to renewable energy.
Improving commodity prices were the key reason cited by farmers expecting NZ’s agri economy to improve.
Significant Covid-19 induced uncertainty and volatility will continue, says the milk powder producer.
The West Coast dairy company will double the capacity of its Hokitika butter manufacturing plant.
New Zealand Story is showcasing the country’s dairy sector with its Dairy Goodness for the World collateral.
Mark Toomey has resigned from the specialist diary company after just over a year in the role.
Goods exports were up $233m in the December quarter, driven by an increase in fish, crustaceans, and molluscs, as well as milk powder, butter and cheese, according to Stats NZ.
The co-op said it was “pleased” with its results as the previous period’s earnings were inflated by asset sales.
Dinuka and Nadeeka Gamage were announced winners of the region’s Share Farmer of the Year category.
The co-op’s shareholders have indicated support for an overhaul of the dairy giant’s structure.
The New Zealand Specialist Cheesemakers Association has announced 265 medal winners in the NZ Champions of Cheese Awards 2021.
The high cost of producing milk in China had favoured importing New Zealand dairy products.
An investigation in 2019 found breaches of minimum employment standards in relation to 24 workers.
Dairy and meat product manufacturing fell 3.2% to $288m in the December 2020 quarter, says Stats NZ.
Fonterra has lifted its 2020/21 farmgate milk price range forecast for the second time in two months.
Southern Pastures has entered into a three-year $50m sustainability-linked farm loan with BNZ and its syndicate.
The company suffered a 35% drop in interim profit in what it described as a “challenging” first half year.
It was the fifth consecutive month where dairy exports were less than the corresponding month a year ago.
Lewis Road Creamery has launched a new flavour milk creation, Banoffee.
New Zealand Creameries is recalling its Deep South brand strawberry & cream pavlova premium ice cream due to the presence of an undeclared allergen, egg.
Judging of the NZ Champions of Cheese Awards 2021 will go ahead in Hamilton this weekend after Auckland’s snap Covid-19 alert level 3 lockdown.
The announcement follows Richard Wyeth’s departure in October.
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Global giant teams up with Fonterra and DairyNZ to co-fund plantain project in effort to reduce emissions.
The Commerce Commission says it is “satisfied” with Fonterra’s milk prices.
Dairy and meat product manufacturing volumes, and wholesale grocery and liquor value saw huge lifts in the Sept quarter.
The dairy co-op joins BECA, EECA and Firstgas Group in backing the research.
Strong demand for NZ dairy has seen the co-op lift its milk price forecast and report Q1 earnings of $250m.
Both dairy and meat exports have taken a dive in the September quarter.
The dairy giant’s so called off-farm water results have moved away from 2028 targets.
Entries are now open for the 19th annual New Zealand Champions of Cheese Awards.
The consumer goods giant has 81 New Zealand-based employees.
The dairy company successfully raised the money after closing an oversubscribed $20m share purchase plan.
Some dairy products were down $198m.
Diversifying its product ranges, customers and target markets has created a more sustainable business, says Synlait chief executive Leon Clement.
The dairy company says it expects an uptick in activity in the second half of FY21 despite continuing uncertainty.
Gains made in the March and June quarters have been impacted by the fall.
The Taupō-based dairy company was recognised at the awards ceremony on Monday night.
She replaces Jeremy Hood who has been interim chief executive.
The awards took place in Auckland on Wednesday night.
Synlait Milk has added $180m to its coffers after successfully completing a discounted share placing.
The company will use the money to complete its investment strategy, pay down debt, and strengthen its balance sheet.
As prime picking time looms near the horticulture industry remains concerned about RSE shortages.
Synlait Milk has stopped the trading of its shares in both New Zealand and Australia ahead of an announcement of a significant capital raise.
Fonterra is on the “home straight” of its turnaround and well-positioned to face continued Covid-19 induced global uncertainty, according to chief executive Miles Hurrell
He takes over from Shiqing Jian who has been interim chief executive.
Synlait Milk says it has signed a new manufacturing supply deal with “an established, global category leader” but it has not named its new customer.
Former lawyer Cathy Quinn has been appointed to Fonterra’s board of directors.
The dairy co-op returns to sustainable earnings as it continues to tackle environmental challenges.
Zealong Tea Estate and Meyer Cheese have created a so-called world first tea-infused cheese.
Fonterra released its Global Dairy Update last week with the latest data.
Synlait Milk has set the course for a year of consolidation following a period of substantial investment.
The value of New Zealand’s dairy product exports in September 2020 fell from the same month in 2019.
The region continues to rank as one of the highest rates of economic activity per capita in New Zealand.
Waikato Milking Systems is helping farmers across New Zealand make the switch to sheep and goat milk.
Jim van der Poel, who chairs the DairyNZ board, and Colin Glas would each serve another three-year term on the board.
NZTE has launched a new global campaign to showcase the country’s food and beverage industry.
Dairyworks has sold its Deep South ice cream brand to seafood giant Talley’s for an undisclosed sum.
The Commerce Commission has today released its draft report on Fonterra’s Farmgate Milk Price Manual.
Massey University and AgResearch are developing a new joint dairy research facility in the Manawatū region.
Happy Valley Nutrition has secured Overseas Investment Office approval to develop a dairy factory in the Waikato.
Fonterra is planning to pay down debt with $555m from the sale of farms it has developed in China.
The New Zealand cheese industry has seen record supermarket sales for much of 2020, despite the varying impacts of Covid-19.
Fonterra has posted an after tax profit of $659m for the year to July 2020, a $1.3bn turnaround from the $605m loss it made the previous year.
