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Thursday 21 October 2021

Fonterra

Fonterra joins Medical Nutrition International Industry 19th October 2021

Fonterra joins Medical Nutrition International Industry

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. 


Fonterra to push foodservice to $5bn 15th October 2021 / / / / / /

Fonterra to push foodservice to $5bn

Dairy company Fonterra wants to increase the value of its $3bn foodservice business, Anchor Food Professionals, to $5bn.


Global food firms and the SDGs – Fonterra, Zespri ranked 4th October 2021 /

Global food firms and the SDGs – Fonterra, Zespri ranked

The 350 biggest global food firms are assessed on their environmental, nutritional and social impact. Who is leading and who is lagging? 


Fonterra’s Anchor launches new brand campaign 28th September 2021 /

Fonterra’s Anchor launches new brand campaign

Fonterra’s consumer dairy brand, Anchor, has launched a new brand platform ‘A Taste of Home’ with a fully integrated brand campaign.


A closer look: Ingredients dip but Covid drives Fonterra’s consumer brands 24th September 2021

A closer look: Ingredients dip but Covid drives Fonterra’s consumer brands

Covid-19 has changed consumer behaviour helping to drive Fonterra’s consumer brands, says CEO Miles Hurrell.


Fonterra moots Chile exit, Aus IPO to put higher value NZ dairy centre stage 23rd September 2021

Fonterra moots Chile exit, Aus IPO to put higher value NZ dairy centre stage

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 cuts coal greenhouse gas emissions by 11% 16th September 2021 /

Fonterra cuts coal greenhouse gas emissions by 11%

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.


Food firms dominate Kiwi co-op rankings 10th September 2021 /

Food firms dominate Kiwi co-op rankings

Fonterra, Zespri, and Foodstuffs are heavyweights in NZ’s top 30 co-operative rankings.


ComCom approves Fonterra’s milk price forecast 17th August 2021 /

ComCom approves Fonterra’s milk price forecast

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.


Fonterra’s new season production positive 2nd August 2021 /

Fonterra’s new season production positive

Fonterra has started the new season with production up across the board, according to the firm’s Global Dairy Update for July.


Fonterra to ditch coal at Stirling site 28th July 2021 /

Fonterra to ditch coal at Stirling site

Fonterra is to stop using coal at its Stirling cheese plant in Otago, moving to wood biomass to fire the site by August 2022.


Wait and see for Fonterra fund future 22nd July 2021

Wait and see for Fonterra fund future

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.


Fonterra to revise restructuring following feedback 19th July 2021

Fonterra to revise restructuring following feedback

Farmer feedback set to shape Fonterra’s revised capital structure proposal, according to the dairy co-operative.


FMA clears Fonterra on write-downs 12th July 2021 /

FMA clears Fonterra on write-downs

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.


ComCom updates Fonterra milk price calculation framework 7th July 2021 /

ComCom updates Fonterra milk price calculation framework

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.


NZ finishes full dairy season up 1.5% – Fonterra 1st July 2021

NZ finishes full dairy season up 1.5% – Fonterra

Fonterra’s New Zealand milk collection for May 2021 was 75.3 million kgMS, 7.7% higher than the same month last year.


Fonterra exits China jv in $163m deal 29th June 2021 /

Fonterra exits China jv in $163m deal

Fonterra is offloading its two joint venture farms in China to Singapore-based AustAsia Investment Holdings for $163m.


Fonterra restructure feedback “diverse” 4th June 2021

Fonterra restructure feedback “diverse”

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.


Fonterra to contribute $12bn to economy with record milk price forecast – CEO 26th May 2021

Fonterra to contribute $12bn to economy with record milk price forecast – CEO

Fonterra will contribute $12bn to the New Zealand economy in the next season, says the co-op’s chief executive, Miles Hurrell.


Co-ops comprise 18% of NZ GDP 7th May 2021

Co-ops comprise 18% of NZ GDP

Research from PwC found NZ is one of the most co-operative economies globally.


Fonterra moots end of listed fund 6th May 2021

Fonterra moots end of listed fund

Preferred option for capital structure review would dismantle or cap fund that gives outside investors access to co-op.


Fonterra trading halt, capital structure announcement pending 6th May 2021

Fonterra trading halt, capital structure announcement pending

Fonterra yesterday went into a trading halt ahead of an announcement about its capital structure, expected this morning.


Fonterra completes $552m sale of China farms 6th April 2021

Fonterra completes $552m sale of China farms

Fonterra has sold its two China farming hubs in Ying and Yutian to Inner Mongolia Youran Dairy Co.


Milk production increases, Feb exports up 1st April 2021

Milk production increases, Feb exports up

New Zealand milk production increased 3% on a litres basis in February 2021, compared to February last year.


Fonterra commits to ending coal use 1st April 2021

Fonterra commits to ending coal use

The co-op says it will remove coal from its sites, as it continues its transition to renewable energy.


Fonterra interim profit drops 22%, China divestment continues 17th March 2021

Fonterra interim profit drops 22%, China divestment continues

The co-op said it was “pleased” with its results as the previous period’s earnings were inflated by asset sales.


Fonterra farmers survey: New capital structure – yes, outside investors – no 16th March 2021

Fonterra farmers survey: New capital structure – yes, outside investors – no

The co-op’s shareholders have indicated support for an overhaul of the dairy giant’s structure.


Fonterra lifts farmgate forecast – again 9th March 2021

Fonterra lifts farmgate forecast – again

Fonterra has lifted its 2020/21 farmgate milk price range forecast for the second time in two months.


Fonterra narrows 2021 earnings guidance 26th February 2021 /

Fonterra narrows 2021 earnings guidance

Fonterra has lifted the bottom end of its 2021 forecast earnings guidance and narrowed the range to 25-35 cents per share, from 20-35 cents per share.


Nestlé comes to the table to tackle NZ emissions 15th December 2020 /

Nestlé comes to the table to tackle NZ emissions

Global giant teams up with Fonterra and DairyNZ to co-fund plantain project in effort to reduce emissions.


Fonterra backs biogas research 8th December 2020

Fonterra backs biogas research

The dairy co-op joins BECA, EECA and Firstgas Group in backing the research.


Fonterra lifts milk price  following China rebound 7th December 2020

Fonterra lifts milk price following China rebound

Strong demand for NZ dairy has seen the co-op lift its milk price forecast and report Q1 earnings of $250m.


Fonterra sets out stall to combat Covid uncertainty 10th November 2020

Fonterra sets out stall to combat Covid uncertainty

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


Cathy Quinn joins Fonterra board 5th November 2020

Cathy Quinn joins Fonterra board

Former lawyer Cathy Quinn has been appointed to Fonterra’s board of directors.


Fonterra sustainability: Earnings up but environment work lags 4th November 2020

Fonterra sustainability: Earnings up but environment work lags

The dairy co-op returns to sustainable earnings as it continues to tackle environmental challenges.


Milk production lifts by 1.6% as US, EU exports grow 2nd November 2020 /

Milk production lifts by 1.6% as US, EU exports grow

Fonterra released its Global Dairy Update last week with the latest data.


ComCom opens submissions on draft Fonterra price report 16th October 2020

ComCom opens submissions on draft Fonterra price report

The Commerce Commission has today released its draft report on Fonterra’s Farmgate Milk Price Manual.


Fonterra to sell China farms for $555m 12th October 2020

Fonterra to sell China farms for $555m

Fonterra is planning to pay down debt with $555m from the sale of farms it has developed in China.


Fonterra posts $1.3bn turnaround, reports $659m profit 18th September 2020

Fonterra posts $1.3bn turnaround, reports $659m profit

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.