Fonterra has hiked its forecast farm-gate milk price to a record $8.65 per kg of milk solids, with the 35c increase equating to an increase in dairy incomes of about $600 million.
The recent steep pick-up in Fonterra's cheese and casein stream prices may be running out of steam, ASB rural economist Nathan Penny says.
Alliance Group chairman Murray Taggart is standing by his comment that Fonterra director John Monaghan has withdrawn from the director appointment process - despite Mr Monaghan maintaining he has not.
Fonterra director John Monaghan has decided to pull out of a process to appoint an independent director to the board of Alliance Group, chairman Murray Taggart says.
Prices lifted 1.4% in this week's GlobalDairyTrade auction with an apparent convergence in product prices being cited as encouraging for Fonterra.
Fonterra has raised 1.25 billion Chinese renminbi (about $NZ250 million) through a five-year ''dim sum'' bond issue, to strengthen and support its China business.
Federated Farmers believes Fonterra's recall of thousands of bottles of cream shows the dairy giant's quality assurance systems work - but Labour says questions will again be raised about New Zealand's food safety systems.
Dairy products are open to E.coli contamination because of the prevalence of the bacteria in animal waste, one disease expert says.
A long legal battle could ensue following French dairy giant Danone's decision to launch legal action against Fonterra over last year's botulism scare.
Fonterra will "vigorously defend"court action French food giant Danone is bringing against it in the wake of the botulism scare and says it is confident of its position.
Fonterra dropped a bombshell last week when it announced its latest consideration on its farmgate milk price.
Fonterra has unexpectedly left its forecast milk price unchanged at $8.30 and slashed its dividend by 22c, due to what it describes as an ''extraordinary situation''.
Think Park Beede and basketball immediately springs to mind.
Fonterra has to lift its game in food safety and quality, and also sustainability, chief executive Theo Spierings says.
Fonterra's innocuously worded ''Global Dairy Update'', released on Monday, provided another shock to Fonterra Shareholder Fund (FSF) unit holders, Milford Funds senior analyst Brooke Bone says.
Fonterra chief executive Theo Spierings says the roll-out of the dairy co-op's infant formula brand in China is "on track" despite the ongoing fallout from the company's botulism fiasco.
Voting is now open for the 2013 Fonterra board of directors' elections. This year there are five candidates standing for the board of directors.
With the first anniversary of Trading Among Farmers (TAF) approaching, Craigs Investment Partners broker Greg Easton believes investors are well served taking a cautious approach to Fonterra.
Fonterra has gone some way in reassuring the New Zealand public and its many overseas clients it has taken seriously a report released this week on its internal safety and monitoring systems.
Fonterra says the potential contamination of 14 milk tankers with mud and gravel is a "very minor incident" and its safety systems worked as intended.
