Fonterra

Fonterra Trims Forecast for Milk Payout

Fonterra Trims Forecast for Milk PayoutFonterra, the dairy exporter from New Zealand trimmed its forecast for milk payout on Wednesday to a low of six-years as a result of deflating dairy prices globally. The co-operative said that the ban on dairy imports in Russian are likely to keep the prices volatile globally even in the months ahead.

Fonterra is back with a bang, recovers in China

Fonterra is back with a bang, recovers in ChinaTheo Spierings, Chief Executive said that Fonterra's sales in China are almost back to the levels of pre-botulism scare and in the ingredients business it is even are higher. The company is in a rebuilding phase following recall, review and recovery stages.

Seven workers land in hospital due to chlorine leak in Fonterra's Clandeboye milk factory

Seven workers land in hospital due to chlorine leak in Fonterra’s Clandeboye milk factoryOn Wednesday part of Fonterra's Clandeboye milk factory just north of Timaru had to be evacuated after a chlorine leak.

The Fire Service said the leak irritated the airways of workers and left seven of them in hospital.

Fonterra Plans New Hub in China

FonterraSeeing the growing demand of China for fresh milk, Fonterra has taken a decision to open a second farming hub in the nation.

The multinational dairy co-operative in New Zealand said that the facilities would be farming as many as 15,000 cows. Five 3000-cow farms would be contained by the hub and production would probably begin in the coming year's latter half.

Fonterra Faces Fine by Chinese Authorities for Botulism Scare

China bans import of bacteria-contaminated NZ milk powder