Insights and Stories on Fonterra

Jan. 5, 2016 at 6:41 pm CST

Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index dipped 1.6 per cent, with an average selling price of $2,458 per tonne, in the auction held Tuesday […]

By Reuters

Nov. 27, 2015 at 9:59 am CST

Every day, John Fisher loses money. Surrounded by lush, green pastures — some established more than half a century ago — the New Zealand dairy farmer says his cost of production is now above the international milk price and has been for some time. “You’ve got to take a long-term […]

By Shannon VanRaes

Jul. 16, 2015 at 3:24 pm CDT

Wellington | Reuters — New Zealand dairy exporter Fonterra is cutting jobs in an effort to shore up its cash flows as a slump in global dairy demand, particularly from No. 1 buyer China, threatens to snuff out the country’s “white gold” rush. Dairy prices have more than halved from […]

By Naomi Tajitsu

May. 28, 2015 at 7:05 pm CDT

Wellington | Reuters –– Global dairy prices are expected to pick up only slightly over the next 12 months, New Zealand dairy co-operative Fonterra, the world’s largest dairy exporter, said Thursday. Fonterra said the subdued outlook amid sluggish demand would likely slow the pace of New Zealand dairy output growth, […]

By Naomi Tajitsu