Sentences with phrase «zealand dairy giant»

SHANGHAI / HONG KONG, Aug 7 (Reuters)- China fined six companies including Mead Johnson Nutrition Co, Danone and New Zealand dairy giant Fonterra a total of $ 110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers.

China, Vietnam and Russia have banned the import of milk powder and whey protein from the New Zealand dairy giant Fonterra after a botulism scare.

With cream cheese undergoing a steady surge in popularity in Asia, New Zealand dairy giant Fonterra is building two new cream cheese factories and has opened a new mozzarella factory to meet the demand.

However, sources close to the situation said New Zealand dairy giant Fonterra, tended to by Rothschild, was firming as the frontrunner.

New Zealand dairy giant Fonterra said last week that Chinese demand for milk powders was so strong it could not keep up.

The New Zealand dairy giant hired broker Goldman Sachs to buy as much as 10 per cent of Bega in an after - market raid, revealed by AFR.com, in a bid to protect its licensing agreement with Bega.

New Zealand dairy giant Fonterra has maintained its milk production forecast for the 2015/16 season, but has signaled it may decline later.

There was too much stock in the system, while at the same time Bellamy's was obliged to continue paying New Zealand dairy giant Fonterra to produce more infant formula whether it was required or not.

New Zealand dairy giant Fonterra will cut the price it pays its Australian farmer suppliers this season.

New Zealand dairy giant Fonterra has confirmed it has lodged a bid for Australian co-operative Murray Goulburn, while revealing it was poised to overtake its rival to become this country's biggest buyer of milk.

But the New Zealand dairy giant's chief executive Theo Spierings, said this was too high and did not reflect a collapse of global prices for key dairy commodities.

New Zealand dairy giant Fonterra is looking at new ownership models, for its Australian farmers.

Not exact matches

He describes it was a «positive blowback» from the drama at Murray Goulburn, which was quickly followed by New Zealand - based dairy giant Fonterra in also cutting payments hard.

THE United Dairyfarmers of Victoria has questioned why local dairy giant Murray Goulburn is slashing its farmgate milk price by 18 cents a kilogram of milk solids, while its rival Fonterra is raising prices in New Zealand.

Mr Norris, a former chief executive of Air New Zealand, retired from CBA in 2011 and is also a non-executive director of dairy giant Fonterra and Origin Energy.

Europe is flooding that market with more and more milk products, and the U.S. has to compete with other dairy giants like Australia and New Zealand for Korea's business.