Fonterra finds cause of #milk contamination

Fonterra has completed its inquiry into an October incident in which 150,000 litres of milk in 14 tankers was contaminated with suspected mining waste at its Eltham Plant in Taranaki.

Terms of #trade hit 40-year high

Rocketing dairy export prices pushed New Zealand’s terms of trade to their highest levels in 40 years in the September quarter, which is seen as a strong support for the economy.

#Fonterra opens up, recovers in China

FONTERRA’S sales in China are nearly back to pre-botulism scare levels and in the ingredients business they are higher, chief executive Theo Spierings says.

World #Dairy Prices Stay Steady

Strong Chinese demand for milk powder has maintained world dairy prices at a similar level to October, says the World Food and Agriculture Organisation (FAO).

Lion protects its #cheese interests in WCB

Lion chief executive Stuart Irvine says the food and beverages giant will use its 10 per cent stake in takeover target Warrnambool Cheese & Butter to protect its cheese business as the three-way takeover battle intensifies.