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BNZ cuts forecast for Fonterra 2015/16 payout, citing weak international dairy prices

2015-11-13 05:36:55| Food - Topix.net

Bank of New Zealand cut its forecast for Fonterra Cooperative Group's payout to farmers this season amid continued weakness in international dairy prices. BNZ reduced its forecast for the 2015/16 season to $4.50 per kilogram of milk solids from a previous estimate of $5/kgMS, pushing it below Fonterra's current projection of $4.60/kgMS.

Tags: international prices weak cuts

Dairy processors Sargento, Fonterra, Three Twins experience executive shift

2015-11-06 23:23:05| Railroads - Topix.net

North Carolina State Ports Authority, Wilmington, N.C. Industry veteran Alherd Kazura was named chief financial officer. Kazura has over three decades of experience in the transportation field, having worked in the container shipping, terminal management and cruise industries.

Tags: experience executive shift processors

Fonterra launches application center for foodservice customers

2015-11-05 16:50:10| Food - Topix.net

New Zealand's Fonterra Cooperative Group launched a new Fonterra Application Center in Guangzhou, China, designed to bring innovative dairy products and services to the cooperative's foodservice customers in the region. The Guangzhou facility is Fonterra's second in China, and reflects the growing demand for the company's premium Anchor -branded foodservice products and accompanying services.

Tags: center application customers launches

Fonterra expected to meet its forecast payout

2015-11-04 05:29:41| Food - Topix.net

Fonterra Cooperative Group, the world's largest dairy exporter, is expected to be able to meet its forecast payout to farmers for this season even after dairy prices fell at a second consecutive auction. Average prices fell 7.4 percent at last night's GlobalDairyTrade auction, following a 3.1 percent decline the previous auction, which snapped four consecutive gains.

Tags: meet expected forecast payout