|
|
 |
|
For the first time since late 2009 dairy prices at Fonterra’s Global Dairy Trade-Trade Weighted Index (GDT-TWI) have slipped below the 10-year average after last night’s 6.4% fall at the latest online auction.
Executives at dairy co-operative, Fonterra have attacked a recent report by leading international business consultancy, Deloitte as an attempt to keep Fonterra “…in investigation mode”.
Fonterra has decided to close the Kapiti Cheese and Ice Cream retail outlet at Lindale on the Kapiti Coast north of Wellington.
Fonterra’s GlobalDairyTrade-TWI price index slipped down further at the latest on-line auction held overnight. The index fell 2.4%, dropping the average price paid for a basket of dairy products to US$2.843 per tonne, the lowest since August 2009.
Westland Milk Products has today announced its forecast shareholder payout range will be NZ$6.30-$6.60 for the 2011/12 season ending July 31 2012. This compares with the previously forecasted range of $6.60-$6.90.
The middle English town of Stilton is fighting to have its rights to make the cheese which has its name returned.
Dairy prices plunged below the 10-year average for the first time since Fonterra’s GlobalDairyTrade auction opened for business.
The call from Prime Minister John Key, for more New Zealand companies to engage further in Indonesia, has been met with an announcement from Fonterra that it plans significant investment in that country, in the near future.
Affordable milk will be available indefinitely at all six Nosh food market stores from April 16 following a bottling agreement announced April 4.
The Ministry of Agriculture and Fisheries (MAF Food Safety) on Friday (March 30) released a new public statement on raw milk safety that makes extreme claims about the incidence of food-borne poisoning from raw milk.
Fonterra has reported an 18% increase in profits for the first half of the current year.
Hospitality cheese supplier Zany Zeus is about to launch a retail outlet near its production facility in Lower Hutt.
foodnews sponsors
|
|
|
|
|
|
|
|
|
foodnews network
|
|
|
|
|
|
|
|
