Australia’s largest dairy exporter, the Murray Goulburn Co-operative, has become the third major dairy supplier to participate in the New Zealand-based GlobalDairyTrade auction platform, joining Fonterra and Dairy America. Murray Goulburn will begin offering lactose through the auction platform from 3 April 2012. GlobalDairyTrade began in 2008 as a single-seller auction for whole milk powder. It appears to be transforming into a platform for companies to trade commodity dairy products internationally.... ...Read more »

One million litres of milk will be going to people in need under an historic new partnership between Foodbank Australia and the Australian dairy industry, which is being supported by the Australian Government. The Australian Government has pledged A$4 million over the next four years to Foodbank Australia in this year’s budget to ensure the organisation builds new partnerships with food growers, producers and manufacturers. The Collaborative Supply Program for Milk is the first time an entire industry... ...Read more »

A market report on Australia’s packaged food sector from market research consultancy Euromonitor predicts that ongoing economic uncertainty and weak consumer confidence could provide Australia’s packaged food retailers with enhanced opportunities to grow retail volume sales. Euromonitor’s ‘Packaged Food in Australia’ market report, released yesterday, says the packaged food industry displayed resilience against lowered consumer confidence following the global financial crisis of 2008 and... ...Read more »

Fonterra Australia, a subsidiary of New Zealand-based multi-national dairy giant Fonterra, has launched a guide for dairy farmers on how to manage the electricity cost increases of carbon pricing. John Doumani, Managing Director of Fonterra Australia New Zealand, today said that the unique electricity demands of dairy farmers need to be understood when it comes to carbon pricing and compensation. He said that Fonterra is advocating for greater assistance for farmers to help them in transition to... ...Read more »

Fonterra Australia, a subsidiary of New Zealand-based multi-national dairy giant Fonterra, has announced record year on year growth in export volumes of nutritional milk powder products from its Victoria manufacturing sites. Since 2009, Fonterra has shipped more than 100,000 tonnes of nutritional milk powder products from Victoria manufacturing sites, achieving 37 per cent growth in this export category over that time. Fonterra Ingredients Australia’s Managing Director Simon Bromell said the volume... ...Read more »

Dairy multinational co-operative Fonterra has announced a record-breaking year in profits, despite its consumer business profits in New Zealand and Australia dropping. Fonterra’s revenue for the year ended July 31 was NZ$19.9 billion, a 19 per cent increase on the previous year. The dairy giant announced a payout of NZ$8.251 per kilogram, before retentions, comprising a farm gate milk price of NZ$7.60 per kilogram of milk solids for the year ended 31 July 2011. The payout is NZ$1.55 ahead of the... ...Read more »

New Zealand-based milk producer Fonterra and UK-based First Milk today announced a joint venture to produce “premium” whey proteins for Fonterra’s growing food ingredients business in Europe. The two dairy farmer co-operatives will combine their intellectual property to develop dairy protein streams at First Milk’s Lake District creamery in Cumbria, England. Fonterra Europe’s Managing Director, Koert Liekelema said the venture is the first step in realising its goal of local European... ...Read more »

The largest processor of milk in the world, Fonterra, today confirmed there was no change to its opening season forecast payout for 2011/12 of A$7.15 – $7.25 before retentions. The New Zealand-based dairy co-operative forecasts a milk price of A$6.75 per kilogram of milk solids and a distributable profit of 40 to 50 cents per share. Fonterra Australia-New Zealand, a subsidiary of Fonterra, owns well-known consumer dairy brands Bonlac Foods Ltd, Brownes, Bonland Dairies and Murrumbidgee Dairy... ...Read more »

With the New Zealand-based dairy multinational Fonterra announcing a drop in profits from its organic dairy operations in New Zealand this week, Australian Food News has been investigating the current state of Australia’s organic dairy industry. Dr. Andrew Monk, convenor of the Biological Farmers of Australia (BFA) Standards Advisory Group says Australia’s organic dairy industry is a “small but growing industry”. “It faces a challenge in meeting the consistently growing demand for the product... ...Read more »

New Zealand-based dairy co-operative multinational Fonterra is cutting its dairy organic operations in New Zealand following a drop in profits. The dairy giant, which owns Australians brands Brownes Calcium Plus, Bega Cheese, Peters and Brownes, and Riverina Fresh, plans to reduce the number of organic suppliers. Fonterra employs 2,000 people in Australia, collects 21 per cent of Australia’s milk, and operates 11 manufacturing sites. “People less willing to pay the premium for organic products” Fonterra’s... ...Read more »