by Freshagenda | Apr 18, 2024 | Global, News
Fonterra will close a number of ageing plants at two Waikato sites in an effort to optimize operations. Fonterra’s Waitoa PDC, a coal centre and two dryers in Te Rapa are no longer efficient to operate and will close later this year. The Te Rapa driers will close...
by Freshagenda | Mar 14, 2024 | Global, News
In response to the new government’s pledge to repeal a ban on live exports, a parliamentary petition started by former National Animal Welfare Advisory Committee chairperson Dr John Hellstrom has garnered more than 17,000 signatories since it was started on the 23rd...
by Freshagenda | Feb 22, 2024 | Global, News
Fonterra is merging its Australian business and Fonterra Brands New Zealand (FBNZ) into Fonterra Oceania from 1 May 2024. FBNZ includes consumer brands and foodservice businesses in New Zealand, including brands Anchor, Mainland and Kāpiti. Announcing the merger in an...
by Freshagenda | Aug 16, 2023 | Global, News
After reducing its forecast milk price forecast last week, Fonterra updated its FY23 earnings guidance, forecasting a full year dividend at the top end of its range of 65c – 80c per share. Fonterra is still in the process of finalising and auditing its FY23 numbers,...
by Freshagenda | May 10, 2023 | Global, News
US dairy exports declined across most major product categories we track in March (except lactose, MPC, WPC80 and FFMP & Mixtures). We estimate that in milk solids equivalent (MSE) terms, shipments fell 5.9% YOY, a similar decline as in February. There were 41,678t...
by Freshagenda | Apr 12, 2023 | Global, News
Rabobank’s first quarterly survey among NZ farmers has revealed confidence has lifted slightly since the previous survey in December but remain very low with a net confidence reading of -58%, up from -71%. The number of farmers expecting conditions to improve rose to...
