Food Processing

Dividend Cut by Fonterra though Milk price unchanged

FonterraOn Wednesday, Fonterra New Zealand's dairy giant predicted a fall of up to 50 percent in full-year earnings and cut down its dividend.

The co-operative, that controls almost one third of the world dairy trade, forecast earnings before interest and tax (EBIT) in the year to July 2014 of NZ$500 million-NZ$600 million ($415 million-$500 million), from NZ$1.02 billion in
2013.

McDonald's get ready to answer customers

McDonald's get ready to answer customersThe fast-food chain McDonald's now has a new section on its website, called "Our Food, Your Questions". Patrick Wilson, the food giant's New Zealand boss mentioned that the company is hoping to throw light on a few of the myths and preconceptions about the meals on its menu.

Fonterra determined to pay forecast payout

Fonterra determined to pay forecast payoutThe world's biggest dairy exporter New Zealand's Fonterra , hung on to its record-high forecast payout to farmers for the existing season while repeating that the company's margins would take a punch from volatile dairy prices.

Meat exporter to reassess operations following huge Loss

Meat exporter to reassess operations following huge LossThe country's largest meat processor Silver Fern Farms will undertake a review of its business after suffering a mammoth $28.6 million loss for the year to September. It has hired PricewaterhouseCoopers (PwC) to undertake the review.

The loss has been largely blamed on the company's sheep meat operations, with market consumption and pricing regularly  dropping during  the first half the year.

No more farms for Non resident foreigners says NZ First

 No more farms for Non resident foreigners says NZ First On the verge of the announcement that Synlait Dairy Farms in Canterbury is to be sold to the Chinese owner of the Crafar farms in the North Island, Spokesman Richard Prosser of Primary Industries said the deal was "economic madness".

as "This is not foreign investment, it is foreign takeover.

Independent Inquiry into Fonterra’s Botulism Scare Takes Place

Independent Inquiry into Fonterra’s Botulism Scare Takes PlaceAs per recent reports, it has been unveiled that an independent inquiry has taken place in the botulism scare taken place in Fonterra.

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