Milk powder buyers in China are starting to cut their reliance on New Zealand's Fonterra, opening the way for U.S. and European firms to break the dairy giant's grip on an infant milk formula market set to double to $25 billion by 2017.
The number of lambs tailed across New Zealand is down by 4.7 percent compared with last spring, Beef + Lamb New Zealand’s lamb crop 2013 report confirms.
Fonterra Chief Executive Theo Spierings today welcomed the release of the Government inquiry report into the whey protein concentrate contamination incident.
Fonterra has received approval from it board of directors to establish a NZ$235m milk powder plant at its Pahiatua site in the Manawatu, which will enable it to process an additional 2.4 million liters each day.
A new collaboration between agribusiness farmers and the Ministry of Primary Industries (MPI) known as the Red Meat Profit Partnership is set to boost farmer productivity and profitability throughout NZ’s red meat industry.
New Zealand's Fonterra on Wednesday forecast a fall of up to 50 percent in full-year earnings and slashed its dividend, hurt by high input costs and operational constraints that have held it back from making the most of record high dairy prices.
New Zealand based food manufacturer Mr Beak has launched a new range of sausages, meatballs and burger patties made from premium beef or chicken for children.
New Zealand dairy exporter Fonterra may face legal action from France's Danone over the recall of infant formula containing a potentially contaminated Fonterra ingredient, the company said on Monday.
New Zealand-based Sanford Sustainable Seafood showed a profit increase in 2013 compared to 2012, despite some difficulties in mussels, tuna and jack mackerel.
A2 Corporation (A2C), a New Zealand-based milk company, is seeking to accelerate investment in its UK operations to take advantage of demand for a2 branded milk products in Europe.
MPI applauds the hefty sentence handed out last week to a commercial fishing skipper operating out of Tauranga for his part in a black-market fishing operation.
