Dairy giant Fonterra on credit watch negative as GDT milk offer cut
As dairy giant Fonterra has been placed on a negative «credit watch» by rating agency Standard & Poor’s, the co-operative has announced a large cut in the volumes of milk it will offer on the Global Dairy Auction (GDT) for the next 12 months.
Fonterra's share trading system comes under fire from large farmer
Fonterra’s novel share-trading system is putting the co-op at risk, large farmer Trevor Hamilton says.
Fonterra Is Bullish on Dairy Prices
CFO believes long-term outlook is strong despite recent declines
Double whammy from Fonterra results
Expectations that a higher dividend from Fonterra would at least partly offset a low milk price went by the wayside yesterday when the co-operative lowered its dividend forecast range for the current year and reported a 16 per cent drop in its first half net profit to $183 million.
Stock Takes: Beingmate buy raises questions
Recent financial results make deal look costly.
Fran O'Sullivan and Alexander Speirs: Perfect storm hitting dairy
Fonterra’s Lukas Paravicini was on the money when he warned this month that the global supply and demand balance for dairy was still fragile.
Fonterra confirms $750m China formula deal
Dairy giant Fonterra will purchase an 18.8 per cent stake in Chinese infant formula maker Beingmate Baby & Child, slightly less than the 20 per cent shareholding it was aiming for.
Global dairy auction prices keep firming
Economists cautious on outlook because of subdued demand from Chinese market.
Fonterra holds dairy payout as global prices stay volatile
New Zealand diary co-operative Fonterra held the price it pays to its milk suppliers at an eight-year low on Thursday, and said the recent rise in global dairy prices was largely due to a cut in global supply while demand from China remains weak.
Fonterra 'on track' to hit payout
Fonterra chief financial officer Lukas Paravicini rejects the notion that the co-operative is playing safe in keeping this season’s farm gate milk price forecast at $4.70 a kilogram of milksolids.