Fonterra's China farms likely to be profitable in two years
By Fiona Rotherham Nov. 17 (BusinessDesk) - Fonterra Cooperative Group’s Chinese dairy farms could take another two years to become profitable but their losses should be reduced this financial year, says Fonterra's managing director, international farming, Alan van der Nagel....
Freedom Foods sells remaining stake in milk marketer a2 Milk for A$64 mln
By Fiona Rotherham Nov. 17 (BusinessDesk) - A2 Milk Co’s cornerstone shareholder, Freedom Foods Group, has sold its remaining 10.4 percent stake in the milk marketing company for A$64 million, taking advantage of a surge in the share price. Sydney-based Freedom Foods sold i...
UPDATE: Fonterra farmers say good to see results trump rhetoric on earnings upgrade
(Adds farmer comment) By Fiona Rotherham Nov. 16 (BusinessDesk) - Dairy farmers say Fonterra Cooperative Group, the world’s largest dairy exporter, is finally starting to deliver better business returns which are meant to counter low farmgate payouts when global dairy price...
Fonterra redundancies rise to 835, forecast earnings per share up 5c
By Fiona Rotherham Nov. 16 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, has confirmed it has laid off 835 staff through its major restructuring this year, up from 750 announced in August. The Auckland-based cooperative has raised its fore...
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