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.
The government has started dispute settlement proceedings against Canada regarding its implementation of dairy tariff rate quotas (TRQs) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Trade and Export MORE »
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.
The owner of Lewis Road Creamery can see the company repeating its US export success in the UK – but will await the outcome of current trade negotiations before making MORE »
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.
A2 Milk Company has stopped the trading of its shares on the NZX and ASX while it revises its earnings guidance. The dual-listed firm said this morning that the halt MORE »
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.
