The New Zealand government will conduct a top level inquiry into how Fonterra’s whey product, which was potentially contaminated with botulism causing bacteria, was distributed globally. Prime Minister John Key said that Fonterra's ...
Tags: Whey Product
China, Vietnam and Russia have imposed an import ban on milk powder and whey protein from the New Zealand-based Fonterra after the dairy co-operative warned that a batch of whey powder produced in 2012 may be contaminated with bacteria that ...
New Zealand-based multinational dairy co-operative Fonterra plans to establish a milk processing facility in China by the end of 2016, in order to enter into the country's infant milk formula market. The proposed milk processing facility ...
Tags: Fonterra, milk processing plant, milk
New Zealand-based multinational dairy co-operative Fonterra and Dutch firm A-ware Food have announced a partnership to set up a new cheese facility and dairy ingredients plant in Heerenveen, Netherlands. Fonterra chief executive officer ...
Tags: Fonterra, A-ware Food, cheese facility, dairy ingredients plant
New Zealand-based multinational dairy co-operative Fonterra plans to invest more than NZ$100m ($82.44m) to set up a new ultra-high temperature (UHT) milk processing facility at its Waitoa site in Waikato. This move is a part of Fonterra's ...
Tags: multinational dairy co-operative, Fonterra, ultra-high temperature milk
Fonterra has launched a global search for a chief financial officer to replace Jonathan Mason, who plans to retire in the next six months. Commenting on the news, CEO Theo Spierings said that Mason had "strengthened" Fonterra's financial ...
Tags: dairy cooperative, CFO, Fonterra
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
Unusual weather around the world, including the drought this summer in the US, has led Fonterra CEO Theo Spierings to forecast an increase in global dairy prices in the first half of 2013. Spierings also pointed to weather events in ...
Tags: dairy price, dairy industry, food industry, Spierings
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
Fonterra,the New Zealand dairy group,put in a"strong operating performance"in the last year,its CEO said today(26 September)after announcing a cut in the payout to its farmer-owners. Theo Spierings pointed to a 2%increase in normalised ...
Tags: farmer-owners, restructuring costs, prices