New Zealand
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Fonterra suspends shipments to Russia, enters new partnerships to expands global dairy platform
RUSSIA – New Zealand multinational dairy cooperative Fonterra has suspended shipments of its products to Russia following the federation’s decision to conduct a “special military…
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New Zealand’s milk production to fall in 2022 as weather patterns normalize
NEW ZEALAND – New Zealand’s milk production is forecast to drop 0.5% in 2022 as the industry returns to more normal production trends after the exceptional…
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Synlait appoints industry veteran Grant Watson as CEO to steer company towards profitability
NEW ZEALAND – New Zealand milk processor Synlait has appointed dairy industry veteran Grant Watson as its new CEO as it seeks to steer itself back to profitability. Watson will be…
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Fonterra posts US$422m profit after tax, to review Chile, Australian operations inline with strategy to prioritize New Zealand milk
NEW ZEALAND – Farmer owned multinantional dairy cooperative Fonterra has recorded a NZ$599m (US$422m) reported profit after tax for the 2021 financial year, as it…
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Olam Food Ingredients to develop dairy processing plant in New Zealand
NEW ZEALAND – Olam Food Ingredients, the ingredients arm of Singapore-headquartered food and agri-business company-Olam, has announced plans of setting up a new dairy processing…