Latest Posts in Dairy

Dairy giant Fonterra will increase its online trading auction from once a month to twice from September in a bid to increase its customer base and be more transparent with its pricing, the company announced yesterday.
The globalDairyTrade platform was introduced in 2008 and has been successful with bidders. There are 280 [...]

Fonterra has announced that from September 2010 the globalDairyTrade trading manager, CRA International , will increase the frequency of trading events to twice a month. Kelvin Wickham, Fonterra Managing Director Global Trade, said the increase in frequency was a significant milestone that highlighted globalDairyTrade’s success as an online trading platform [...]

New Zealand’s Fonterra Cooperative Group, the world’s biggest dairy exporter, said international milk prices eased for the second month in a row at its latest auction, although the outlook for prices remained positive.
Fonterra said on Wednesday said its Global Dairy Trade-Trade Weighted Index at its latest Internet auction fell 3.5 percent, [...]

By ALAN KOZIARSKI
FOR the past 40 years the Singaporean government has advocated study hard, get ahead. And it has worked. Exceptionally. But in an economically and environmentally changing world, the government is now highlighting the importance of innovation, implementing a raft of programmes across universities and industries, including the [...]

Fonterra farmers waiting on their second-highest payout in the season just ending have been told their average cheque for next season may soar to record heights - around $1 million each - as the earnings available for payout surges to $8/kg of milksolids, or more.
The cooperative’s existing record amount available for payout [...]

April 29 (BusinessWire) – New Zealand’s trade surplus widened in March, as the shipments of dairy products helped push the value of exports to more than $4 billion for only the second time on record.
The surplus was $567 million, up from a revised $335 million in February, according to Statistics New Zealand data, beating expectations [...]

A change in fortune for dairy farmers is already having an impact on the New Zealand economy.
Fonterra announced yesterday for the current season to $6.10 per kilogram of milksolids and an advance to its payment schedule which will put cash in farmers’ pockets sooner than expected.
The co-operative also maintained its forecast range for a distributable [...]

Fonterra has boosted its milk price to the second highest level on record and told farmers to expect the same again next year.
Fonterra, which processes about 92 per cent of the country’s milk, yesterday increased its milk price forecast for this season by 40c to $6.10 a kg of milksolids, compared to $4.72 last season.
The [...]

A New Zealand food testing and biosecurity services company is expanding its horizons as it identifies a growing demand for its services, especially in Asia.
AsureQuality, a state-owned enterprise, has been operating in Australia for some time.
With dairy cooperative Fonterra, it has a 50% shareholding in that country’s biggest food testing laboratory.
AsureQuality has also opened a [...]

NZ dairy price windfall more likely to be reinvested than spent
April 27 (BusinessWire) – Fonterra Cooperative Group’s 40 cents-a-kilo-of-milk solids increase in forecast payment to $6.10, which stands to benefit the economy by $500 million, may not have the monetary policy implication that past increases have generated.
Goldman Sachs JBWere economist Philip Borkin said that drought-stricken [...]