Leading rural banks sponsor Psa R&D programme
Date: 23 Apr 2012The global Kiwifruit Vine Health/ZESPRI Psa Research and Development Programme, has been boosted with a significant sponsorship from leading rural bank, ANZ National. A second bank, Rabobank, has also contributed to the programme, and further contributions have been made by the Te Puke Fruitgrowers Association, The Green Growers Association and Alto Packaging. ZESPRI’s Psa Innovation General Manager, Dr David Tanner, said the sponsorships were a sign of confidence in the ... more
Dairy prices fall 9.9pc in overnight auction
Date: 18 Apr 2012Prices of dairy products had their biggest decline since July 2010 in Fonterra's latest GlobalDairyTrade auction (www.globaldairytrade.info), pushing the price index below its 10-year average. The GDT-TWI Price Index fell 9.9 per cent compared to the last sale two weeks ago. The average winning price dropped to US$2,983 a metric tonne. Prices fell for all six products on offer and across all contracts. The Real GDT-TWI, which is the GDT-TWI deflated by a measure of the US consumer ... more
Fonterra announces plans to invest in plant in Indonesia
Date: 17 Apr 2012Fonterra has announced plans to invest in a blending and packing plant in Indonesia to help support the growing demand for high quality dairy nutrition in Indonesia. The investment will support the local expansion of Fonterra’s consumer brands Anlene, Anmum and Anchor Boneeto throughout Indonesia. Fonterra CEO Theo Spierings made the announcement as part of the New Zealand Prime Minister-led Business Mission in Indonesia this week, following on from Fonterra’s global ... more
Synlait agrees to manufacture powders for A2
Date: 17 Apr 2012New Zealand-listed milk company A2 Corporation has announced a strategic agreement with Synlait Milk Ltd for the manufacturing of nutritional powders. Under the agreement, Synlait Milk will source A2 milk from accredited Canterbury dairy farms and manufacture A2 brand nutritional powders, including milk powders and infant formulas, for A2 Corporation. It was a "key step" in the company's strategic plan to launch A2 brand infant formula products into high-growth Asian markets, ... more
Fonterra to develop two new China farms
Date: 12 Apr 2012Photo: From left to right: Nicola Morris, Fonterra General Manager China Farms, Fonterra Chief Executive Theo Spierings and Fonterra Chairman Sir Henry van der Heyden at the official opening of Yutian Farm One. Fonterra today unveiled the next step in its strategy to build a high-quality, sustainable fresh local milk supply in China, announcing plans to develop two new large-scale dairy farms in Hebei province. Chief Executive Theo Spierings made the announcement at the official ... more
Grow Wellington - the best local produce at your fingertips
Date: 12 Apr 2012As the Cuisine Capital of New Zealand, the Wellington Region has a plethora of world class produce. Now thanks to Grow Wellington’s new and improved Wellington Food & Beverage Database, it’s more accessible than ever before. The Wellington Food & Beverage Database was the only one of its kind in New Zealand when it launched last year as an effective tool to assist buyers to find high quality product from around the region. A recent overhaul has increased exposure ... more
Fonterra Edendale’s ED4 sets new world record
Date: 11 Apr 2012Fonterra Edendale’s Drier 4 (ED4) has set a new world record for producing 20,826 metric tonnes (MT) of milk powder for the month of March. ED4 is the world’s largest milk drier and converts 100 litres of milk into 10 kilograms of milk powder every second. It surpassed the production records of 19,102MT for ED4 and 19,529 by Fonterra Clandeboye’s Drier 3, both set earlier this season. Fonterra Southern Operations Manager Keith Mason says breaking the 20,000MT ... more
German owners of Turners & Growers extend olive branch to Zespri
Date: 4 Apr 2012BayWa Aktiengesellschaft, the German company that controls Turners & Growers, will extend an olive branch to kiwifruit marketing monopoly Zespri, signalling a change of strategy from the days when former owner Guinness Peat Group pursued it through the courts. Chief executive Geoff Hipkins said he will meet executives from Zespri tomorrow with proposed joint marketing strategies for China and South Korea. "We're going in there with an open mind," Hipkins told BusinessDesk. ... more
NZ lamb prices itself out of UK market
Date: 4 Apr 2012Sales of lamb in the British export market are on the slide as higher prices leave shoppers unable to afford the traditional Sunday roast. Lamb sales in Britain are down nearly 20 per cent in the past year, the Daily Telegraph reported. Retail prices had risen more than 16 per cent due to a shortage of lamb and consumers were opting for cheaper meats, the report said. Silver Fern Farms chief executive Keith Cooper said the meat processor had seen the data and it was "absolutely ... more
Fonterra outlines plan to extend leadership in dairy nutrition
Date: 30 Mar 2012Fonterra Co-operative Limited today outlined details of its Group Strategy Refresh which aims to grow volumes and value by focusing more tightly on emerging markets and products that meet growing consumer demand for dairy nutrition. Fonterra Chief Executive Theo Spierings said the Strategy Refresh was built on an in-depth look at the Co-op’s strengths, social and economic trends as well as underlying projections for a marked increase in global demand for milk. ... more
