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Fonterra revises milk volume forecast down

Fonterra Co-operative Group Limited has reduced its milk volume forecast for the 2014-15 season to 1,532 million kgMS, reflecting the impact of dry weather on production in recent weeks. The new forecast is 3.3 per cent lower than the 1,584 million kgMS collected last season. The previous milk volume forecast, made in December last year, was 1,584 million kgMS. Group Director Co-operative Affairs Miles Hurrell said daily milk production was now 6.1 per cent lower than at the same ... more

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Loscam's new structure to support innovation

China Merchants Loscam, Asia Pacific’s leader in pallet and retail ready solutions, has announced a new structure designed to further enhance local management responsibility, strengthen the company’s research and development capabilities and more closely align itself with customer needs. Three Executive Vice Presidents will continue to lead the business in Loscam’s three key regions; Daniel Bunnett - Australia and New Zealand, Sirin Limpaitoon - South East Asia and Tai ... more

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Prices rise at dairy auction

Dairy prices continued to improve at this morning's GlobalDairyTrade auction, the GDT price index gaining 1 per cent since the last sale a fortnight ago. It was the third consecutive rise in prices since the last sale of 2014. Wholemilk powder - a key product for determining Fonterra's farmgate milk price - rose by 3.8 per cent since the last sale to US$2402 a tonne - but still well short of the US$3500 required for the co-operative's current forecast of $4.70 a kg to materialise. ... more

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New Zealand Winegrowers launches Mandarin-language website

New Zealand Winegrowers has launched a Mandarin-language website to support ongoing marketing activities in China. The site, www.nz-wine.cn, features information about New Zealand’s wine-growing regions and key grape varietals with content mirroring the flagship English-language site www.nzwine.com. In addition it includes details of upcoming events in Mainland China, links to social media platforms Weibo and WeChat, and offers insight to the New Zealand wine ... more

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Sanford wants to quit Pacific tuna fishing

New Zealand's biggest fishing company wants to quit the tuna sector in the wake of the failure of international talks to control the fishery. "If somebody came along and said 'we want to buy your vessels,' we would sell them immediately," Sanford Fisheries chief executive Volker Kuntzsch said. It was no longer a viable fishery and the way it was operating meant Sanford's involvement in it was harming its image. Sanford has two large purse-seining boats, San Nikunau ... more

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Fonterra slashes Farmgate Milk Price

Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2014/15 season from $5.30 per kgMS to $4.70 per kgMS. When combined with the previously announced estimated dividend range of 25-35 cents per share, this amounts to a forecast Cash Payout of $4.95 – $5.05 for the current season. Chairman John Wilson said that although farmers were expecting this lower forecast, the revision will put pressure on their farming business budgets. ... more

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Infant formula priority

Synlait Milk expects half its product in the coming financial year will find its way into infant formula. This may be Synlait's own product, base for other formulas or milk powder added into other producers' infant product, managing director John Penno says. "But it does say that we've made good progress in engaging in a part of an industry that we've chosen to make our own," Penno told shareholders this week. Synlait was also concentrating its business with ... more

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Teresa Ciprian appointed to Zespri Board

The Zespri Board has appointed Teresa Ciprian as an independent director, recognising her expertise in global brand marketing and business development. Zespri Chairman Peter McBride explains Ms Ciprian has a lot of relevant experience to bring to the Zespri Board from her 12 years at senior levels in Danone, a Fortune 500 company present in over 140 countries with turnover of €21 billion last year. “We’re very pleased to have Teresa’s experience in both ... more

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Wholemilk powder prices continue decline

Wholemilk powder prices continued to decline while other products showed signs of improvement at this morning's GlobalDairyTrade auction - the last before Fonterra revises its farmgate milk price forecast for the current season. The average winning price was US$2513 a tonne and prices overall were down 1.1 per cent since the last auction in mid November. The price of whole milk powder - the most important product group for New Zealand producers - dropped by 7.1 per cent from the last ... more

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Selaks celebrates 80 year heritage

New ‘halo tier’ range of Founders wines launched Respect for the brand’s creators and a celebration of its heritage are at the heart of the re-launch this month of a limited release range of Selaks Founders wines. Re-introduced to commemorate the celebrated brand’s 80th anniversary, Selaks Founders Wines are a rare treat only previously produced in recognition of Mate Selak’s passing in 1991. Mate was the nephew of the brand’s founder ... more

Displaying 191 - 200 of 340 items.
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