Sentences with phrase «dairy exporter fonterra»

New Zealand dairy exporter may face legal action from France's Danone over baby formula recall, Reuters

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.

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.

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.

Laurie Margrain, chairman of the country's No 2 dairy exporter, Open Country Dairy, said the company would be looking for answers, and protocols, to ensure no repeat of the January fiasco.

Industry sources said not all these non-aligned players get their milk powders from Fonterra, which collects nearly 90 per cent of New Zealand raw milk and is the world's biggest dairy exporter.

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.

Fonterra Cooperative Group Ltd. (FCG), the worldâ $ ™ s largest dairy exporter, assured its biggest customer China that traces of an agricultural chemical found in some milk products posed no health risk, Chief Executive Officer Theo Spierings said.

New Zealand, the world's biggest dairy exporter, mostly produces wholemilk powder, which rose 7 per cent to earn an average price of US$ 5100 a tonne in this week's auction.

Fonterra Cooperative Group, the world's biggest dairy exporter, raised its forecast milk payout for the second time in a month, responding to signs a three - year global price slump is coming to an end.

Fonterra is the world's biggest dairy exporter and is a regulated monopoly in New Zealand collecting 95 per cent of the nation's milk pool.

«It will be a tragic outcome for this industry if Australia's largest dairy exporter is not allowed to merge with Australia's second largest dairy exporter to create a large scale, efficient, globally relevant business.»

The world's biggest dairy exporter, New Zealand's Fonterra, has lifted its forecast farmgate milk price to a fresh record as demand for dairy commodities outstrips supply.

There it can argue the case that by creating a larger dairy exporter farmers will ultimately win.

Parmalat Australia chief executive Craig Garvin says the French - owned dairy giant will keep hunting for quality acquisitions after its $ 120 million acquisition of Western Australia's biggest dairy exporter, Harvey Fresh.

Bega is a minnow compared to Canadian giant Saputo and Australia's biggest dairy exporter Murray Goulburn and was always outgunned financially.

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.

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.

As part of a capital structure review, Murray Goulburn is considering emulating the world's biggest dairy exporter, New Zealand's Fonterra, and listing a non-voting share fund.

Created by an act of Parliament, Fonterra is the world's biggest dairy exporter and a virtual monopoly in New Zealand, collecting more than 95 per cent of the nation's milk.

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.

Fonterra, the world's biggest dairy exporter, snagged 6 per cent of Bega in a share raid in October and has since crept up to 9 per cent of the register.

Harvey accounts for one - third of WA's fresh milk market and is the state's biggest dairy exporter.

Murray Goulburn collects almost 40 per cent of Australia's 9.1 billion litre milk pool and is the nation's biggest dairy exporter.

The world's biggest dairy exporter, New Zealand's Fonterra, has lifted its forecast farmgate milk price to a fresh record of $ NZ8.65 ($ 8) per kilogram of milk solids as demand for dairy commodities outstrips supply.

Dairy and food group Parmalat Australia has confirmed the acquisition of Western Australia's biggest dairy exporter, Harvey Fresh, in a deal worth about $ 120 million.

The world's biggest dairy exporter, New Zealand's Fonterra, said its Australian arm is a business in turnaround at its interim result last week as chief executive Theo Spierings reaffirmed Fonterra's commitment to Australia after years of poor performances.

The raid comes as Bega is locked in a three - way tussle for Warrnambool Cheese & Butter (WCB) with Australia's biggest dairy exporter, Murray Goulburn, and Canadian giant Saputo.

The world's biggest dairy exporter, New Zealand's Fonterra, is the latest mover, snapping up a 6 per cent stake in Bega Cheese in a share raid on Thursday night.

Bega itself is vying for control of WCB with Australia's biggest dairy exporter Murray Goulburn and Canadian giant Saputo.

Fonterra Co-operative Group, the world's biggest dairy exporter, has entered the battle for Australia's dairy assets, buying a 6 per cent shareholding in Bega Cheese after the market closed on Thursday.

Fonterra, the world's largest dairy exporter, is reducing its workforce by more than 500 in the face of falling milk prices.

Alongside the 10 separate offers from the bidding parties, the contest also drew international powerhouses into the consolidation play as the world's biggest dairy exporter, New Zealand's Fonterra, snared a 10 per cent stake in Bega Cheese while Lion, which is a subsidiary of Japanese behemoth Kirin, seized 10 per cent of WCB.

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.

which is Australia's biggest dairy exporter, is pursuing its own partial public listing this year with its advisers Lazard and Macquarie.

«When you look at the dairy industry, this is a fundamental problem that hasn't yet been widely resolved,» says Brent Ogilvie, managing director at Auckland - based Engender, which is largely funded by investors in New Zealand, the world's largest dairy exporter.

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.

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.

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.

Should it complete the deal for Murray Goulburn, Saputo will find itself in competition with the world's largest dairy exporter, Fonterra Cooperative Group.

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.

«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.»

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.

The dairy prices used in the FAO Dairy Price Index calculations are based on the exports of Fonterra - dominated New Zealand — the world's largest dairy exporter.

In May 2014, Fonterra - the world's largest dairy exporter - announced an opening FGMP for the 2014/15 season of NZ$ 7.00.

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.

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.

Read more on the U.S. Dairy Exporter Blog.

Fonterra, the world's biggest dairy exporter, has more than doubled its net profit despite tumbling global milk prices.

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.