Fonterra Australia lifts its forecast payout for Australian suppliers
By Rebecca Howard July 28 (BusinessDesk) - Fonterra Cooperative Group has once again lifted the amount it will pay its Australian suppliers on the back of an improvement in its business across the Tasman and rising milk prices. Fonterra Australia lifted its average milk p...
NZ dollar dips against US dollar after greenback recovers some ground
By Rebecca Howard July 28 (BusinessDesk) - The New Zealand dollar was weaker after the greenback clawed back some of its losses and was only headed toward a weekly gain of 0.2 percent despite touching a 26-month high yesterday. The kiwi fell to 74.75 US cents at 5pm versus...
Fonterra looks to expand its Africa footprint
By Rebecca Howard July 28 (BusinessDesk) - Fonterra is exporting into 36 of 54 African countries and aims to expand its footprint as demand grows across the region. With a population of over 1.2 billion, “Africa is one of the fastest growing markets of dairy imports and a s...
Silver Fern CEO Dean Hamilton steps down
By Rebecca Howard July 28 (BusinessDesk) - Silver Fern Farms announced the resignation of chief executive Dean Hamilton, who will leave at the end of the year, and said a search is underway for his replacement. Hamilton has been chief executive of Silver Fern Farms, New Ze...
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