Sentences with phrase «dairy exporter»
The phrase "dairy exporter" refers to a company or country that sells dairy products, such as milk, cheese, or yogurt, to other countries. They specialize in producing and distributing these products to meet the demand of international markets. Full definition
Fonterra's pioneering structure is currently being pursued by Australia's biggest dairy exporter Murray Goulburn, which is looking to follow in Fonterra's footsteps and float a non-voting share fund on the ASX by July next year.
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There it can argue the case that by creating a larger dairy exporter farmers will ultimately win.
Montreal - based Saputo is locked in a three - way takeover battle for control of WCB with Australia's biggest dairy exporter Murray Goulburn and NSW - based Bega Cheese.
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The world's biggest dairy exporter said on Wednesday that market conditions were «extraordinary» and it would slash its dividend by two - thirds to NZ10 cents and maintain its milk price at $ NZ8.30 per kilogram of milk solids rather pay the $ NZ9 ($ 8.33) per kilogram implied by international dairy prices.
The orders come as the world's biggest dairy exporter Fonterra lifted its stake in Bega Cheese — which is also bidding for WCB — to 9.06 per cent.
The nation's biggest dairy exporter on Wednesday issued a notice of meeting for May 8, at which the Victorian co-operative's farmers will vote on a capital restructure proposal that includes listing a unit trust on the Australian Securities Exchange.
As a participant in the Trans - Pacific Partnership (TPP) negotiations, Canada has an historic opportunity to become a major dairy exporter.
Prentice is also understood to be working for Parmalat, a subsidiary of French group Lactalis, to buy Western Australia's biggest dairy exporter Harvey Fresh, although he gives a firm «no comment» regarding the deal.
If U.S. dairy exporters feel like they're in unfamiliar territory the last 18 months, they're not imagining things.
KIWI dairy exporters are struggling with the high New Zealand dollar but savers and importers continue to win from the Reserve Bank of New Zealand's decision to lift the official cash rate (OCR).
The world's biggest dairy exporter cut its 2014 dividend forecast to NZ10 cents (9 cents) from NZ32 cents in the face of «abnormal circumstances», as surging milk powder prices broaden the price gap between milk powders and cheese and casein to record levels.
The findings may help the world's largest dairy exporter restore its reputation globally after the contamination scare this month prompted concerns that New Zealand has food safety issues, threatening exports which make up about 30 percent of the economy.
The decision of the Government and Fonterra to keep the DCD residues discovery a secret between them for months and not inform other dairy exporters is to get a formal industry shakedown this month.
WELLINGTON (Reuters)- The chief executive of New Zealand's Fonterra said his future was up to the board of the world's biggest dairy exporter after human error resulted in some of its products being contaminated and shipped around the world.
WELLINGTON / PARIS (Reuters)- French food group Danone said it would sue wholesale dairy exporter Fonterra and stop buying products from the New Zealand firm following a contamination scare that sparked the recall of infant milk formula across Asia.
New Zealand dairy exporter may face legal action from France's Danone over baby formula recall, Reuters
The approval clears one of the last impediments to a deal that will establish the dominance of two international giants in Australia, the world's third largest dairy exporter, amid intense competition to tap growing Asian demand.
Bega itself is vying for control of WCB with Australia's biggest dairy exporter Murray Goulburn and Canadian giant Saputo.
WELLINGTON (Reuters)- The head of Fonterra's New Zealand milk products business resigned on Wednesday, less than two weeks after the world's biggest dairy exporter said some of its products could contain a bacteria that can cause botulism.
Fonterra chief financial officer Lukas Paravicini says Australia can overcome its trend of declining milk production to take its place beside New Zealand as a major dairy exporter and reap the benefits of Asia's food boom.
New Zealand's Fonterra owns 10 per cent of ASX - listed Bega, while Lactalis - owned Parmalat recently acquired Western Australia's biggest dairy exporter Harvey Fresh for $ 120 million.
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The world's biggest dairy exporter Fonterra Co-operative has paid about $ 14.67 million to increase its stake in Australia's Bega Cheese to 9.06 per cent.
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The nation's biggest dairy exporter on Friday unveiled plans to invest $ 74 million in a cheese cut and wrap facility at Cobram in Victoria, while $ 38 million will be spent increasing production capacity for nutritionals such as infant formula, and $ 14 million is earmarked to install and commission a flexible small cup and bottle filling line at Edith Creek in Tasmania.
Updated Australia's biggest dairy exporter Murray Goulburn has withdrawn its $ 530 million takeover offer for Warrnambool Cheese & Butter as Canadian rival Saputo increased its stake in WCB to 58.9 per cent from 57.7 per cent.
Fonterra Cooperative Group Ltd., the world's biggest dairy exporter, expects global milk prices to recover from their slump as China re-enters the market, Chief Executive Officer Theo Spierings said.
«We're the world's biggest dairy exporter, and Canada is probably the most protectionist dairy country in the world,» Simon Tucker, New Zealand's high commissioner, said.
The world's biggest dairy exporter, Fonterra, says the ambitious Trans Pacific Partnership — a trade deal involving 12 countries — has failed to reach its potential, blaming «entrenched protectionism» from the US.
In May this year Australia's biggest dairy producer, Murray Goulburn, and the world's largest dairy exporter, New Zealand - owned Fonterra, announced they were cutting the milk prices being paid to Australian dairy farmers by about 15 % — just two months before the end of the financial year.
The world's largest dairy exporter, Fonterra Co-operative Group, and Australia's biggest dairy producer, Murray Goulburn Co-operative, are being investigated in Australia over cuts to the price paid to farmers.
Australia's biggest dairy exporter, Murray Goulburn, is in the race but is understood not to be interested in all of the assets.
Murray Goulburn chairman Philip Tracey said on Wednesday that the the nation's biggest dairy exporter has reached a «historic moment» after it issued a notice of meeting to its farmers to vote on a proposed $ 500 million unit trust listing on the ASX.
The world's biggest dairy exporter, Fonterra, told Fairfax Media last week Australian farmers were being paid too much for their milk.
New Zealand, the world's largest dairy exporter, saw production fall 1.6 % in the year to May 31, while production in Australian fell 2.0 % in the year to June 30.
The diving price has forced Fonterra, the world's biggest dairy exporter, to cut its forecast payout to New Zealand farmers to $ NZ4.40 a kilogram.
Last August Theo Spierings, the chief executive of the world's biggest dairy exporter, Fonterra, said the Australian farm gate price did not reflect the collapse in global dairy prices, which have more than halved in the past two years.
Fonterra, the world's biggest dairy exporter, has more than doubled its net profit despite tumbling global milk prices.
NSW - based Bega, which extended its offer for WCB on Wednesday, is locked in a $ 500 million plus takeover battle for WCB with Australia's biggest dairy exporter, Murray Goulburn, and Canadian behemoth Saputo.
Agricultural businesses need to be given greater latitude to merge and build scale to beat foreign competitors, grain and dairy exporters said.
The world's biggest dairy exporter, Fonterra, says it could have done more to warn farmers after it slashed their milk payments for the first time since the financial crisis.
In May 2014, Fonterra - the world's largest dairy exporter - announced an opening FGMP for the 2014/15 season of NZ$ 7.00.
Murray Goulburn, Australia's largest dairy exporter, is locked in a three - way takeover battle with Bega Cheese and Canada's Saputo for control of WCB, and is the only bidder yet to clear its external regulatory hurdles.
«Dairy producers and processors in our states are deeply concerned that this market concentration provides New Zealand, the world's largest dairy exporter, with a tremendous advantage in global markets and are insistent on seeing it effectively addressed as a necessary precursor to any expansion of US - New Zealand dairy trade in TPP.»
Should it complete the deal for Murray Goulburn, Saputo will find itself in competition with the world's largest dairy exporter, Fonterra Cooperative Group.
International milk prices fell while volumes increased in this month's first auction held by New Zealand's Fonterra Co-operative Group, the world's biggest dairy exporter.