Major dairy processor Fonterra has slashed its farmgate milk prices for the 2016-17 financial year, which could force some Australian diary farmers out of the industry, AAP reported on Thursday.
New Zealand dairy giant Fonterra on Thursday welcomed moves to establish a joint venture with a major Chinese infant food maker in Australia.
New Zealand's sharemarket regulator has fined dairy giant Fonterra 150,000 NZ dollars (130, 028 U.S. dollars) plus costs for failing to inform investors immediately of the botulism scare in August last year.
New Zealand's sharemarket regulator has fined dairy giant Fonterra 150,000 NZ dollars (130, 028 U.S. dollars) plus costs for failing to inform investors immediately of the botulism scare in August last year.
Dairy giant Fonterra has pleaded guilty in a New Zealand court to four food safety-related charges connected to last year's global recall of whey protein concentrate (WPC80) over a false botulism scare.
Dairy giant Fonterra has pleaded guilty in a New Zealand court to four food safety-related charges connected to last year's global recall of whey protein concentrate (WPC80) over a false botulism scare.
New Zealand's food safety regime was in the spotlight again Tuesday after dairy giant Fonterra launched yet another product recall.
The most senior public servant in New Zealand's Ministry for Primary Industries (MPI), the government agency responsible for food safety and agricultural produce, will go to China to try to mitigate the damage from the Fonterra botulism scare.
The infant formula manufacturer at the center of the botulism false alarm in New Zealand said it has been confirmed that Karicare infant formula products that were affected by the Fonterra ingredient contamination are safe and now back on New Zealand shelves.
New Zealand dairy giant Fonterra on Friday suspended operations at its plants in Sri Lanka and told 755 staff to stay home, saying the situation there was " unstable" after protests over the regulation of its products.
The New Zealand government announced Monday that its investigation into the Fonterra contamination crisis would look at the causes of and the official response to the botulism scare.
New Zealand's dairy giant Fonterra as been fined about 729,000 U.S. dollars by Chinese authorities for fixing the price of its consumer dairy products
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