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Andrew Ferrier

Govt says won't reconsider raw milk rules until March

Govt says won't reconsider raw milk rules until March
Wellington, Oct 13 NZPA - Agriculture Minister David Carter says he will not review the raw milk regulations -- governing Fonterra and the extent to which it supplied rival processors -- until March next year.

Former mayor again seeks seat at Fonterra table

Former mayor again seeks seat at Fonterra table
Wellington, Oct 1 NZPA - Former Hamilton mayor Russ Rimmington is again challenging sitting Fonterra directors for a seat on the company's board.

High 2010 payout will be bettered next year - Fonterra

High 2010 payout will be bettered next year - Fonterra
Wellington, Sept 23 NZPA - Fonterra Co-operative Group Ltd has boosted farmer confidence by holding to plans for a bonanza payout for the current 2011 dairy season of $7/kg-$7.10/kg, representing a $9 billion shot in the arm for the economy and cheques of over $800,000 for the average farmer, wit

Northern milkflows to be lower than expected - Fonterra

Northern milkflows to be lower than expected - Fonterra
Wellington, Aug 31 NZPA - Fonterra chief executive Andrew Ferrier says the company is feeling "reasonably constructive" about dairy prices, and was "quite optimistic" about consumer demand around the world.

Fonterra fends off recession, 'one container at a time'

Fonterra fends off recession, 'one container at a time'
Wellington, Aug 23 NZPA - Fonterra says it has set a new export record, sending 2.1 million tonnes of product to international markets for the first time in its nine-year history.

Fonterra reaffirms forecast, sees signs of life in markets

Fonterra reaffirms forecast, sees signs of life in markets
Wellington, Aug 20 NZPA - Fonterra has reaffirmed that its payout for the 2010/11 season will be between $6.90 and $7.10 per kilogram of milksolids and says its sees signs of potential strengthening of international prices.

Falling dairy prices triggers review of Fonterra payout

Falling dairy prices triggers review of Fonterra payout
Wellington, July 4 NZPA - Fonterra may cut its forecast payout to farmers this season following the fourth consecutive month of lower prices on its internet auctions. The company said today it is reviewing the 2010-201 payout forecast because of falling dairy prices.

Fonterra asks farmers for capital restructure

Fonterra asks farmers for capital restructure
Wellington, June 30, NZPA - New Zealand's biggest company, Fonterra, says it needs permanent share capital to confidently invest in long-term global growth.

Big boost for dairy may give $1m payout average

Big boost for dairy may give $1m payout average
Wellington, May 26 NZPA - Fonterra farmers -- and the rest of the nation's cow cockies -- look set for a major boost when the new dairy season begins next month.

Fonterra revenue down but company positive

Fonterra revenue down but company positive
Wellington, March 24 NZPA - Dairy giant Fonterra's half year revenue has dropped 3.7 percent, dragged down by lower prices but offset by an increase in sales volumes.