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Fonterra signs new distribution deal in Bangladesh

Fonterra is breaking new ground in South Asia’s rapidly growing dairy market, with the signing of a new distribution agreement that will make Anchor available to millions more consumers in Bangladesh. The deal is part of the Co-operative’s ongoing efforts to win in key overseas markets, by spreading the goodness of dairy nutrition. The population of Bangladesh has grown by more than 10 per cent in the last 10 years reaching over 160 million people and it now makes up over two ... more

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Stonyridge Vineyard experiences unprecedented growth for Summer

• Stonyridge Vineyard experiences record numbers of visitors in Summer 2018. • Stonyridge’s internationally acclaimed Larose Cabernet sold out in two weeks in 2017. • The vineyard is projecting its best season yet in its 37 years of operation. Stonyridge Vineyard on Auckland’s prestigious Waiheke Island is almost sold out of its estate-made wines and is experiencing record number of visitors. The café on the vineyard has also seen record ... more

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Dairy prices jump by 5.9 percent at GlobalDairyTrade auction

Dairy prices firmed across the board at this morning's GlobalDairyTrade auction, the GDT price index gaining 5.9 per cent since the last sale in mid-January. Whole milk powder prices, which have the greatest bearing on Fonterra's farmgate milk price, firmed by 7.6 per cent to US$3226 - the fourth gain in a row since falling to US$2755/tonne late last year. Price gains were across all seven of the product groups on offer. Among the other Fonterra reference products, skim mik ... more

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Bay of Plenty Maori partner with Japan's Imanaka on high-value dairy products

A group of Maori organisations has partnered with Japanese food company Imanaka to develop a milk processing plant to make high-value niche products in Kawerau. Kawerau Dairy is a collaboration between 11 Maori Bay of Plenty entities, which own two thirds of the venture, and Imanaka’s Cedenco Dairy unit, which owns the remaining third. They expect the first stage of the $32 million project to begin operations early next year. The dairy venture is following the model of the ... more

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Brewers Association of New Zealand announces new Executive Director

The Brewers Association of New Zealand is delighted to announce the appointment of Dylan Firth as its Executive Director, based in Wellington. Rory Glass, Managing Director of Lion and Chairman of the Brewers Association, says Firth’s skills, strong networks and advocacy experience will deliver considerable value for the New Zealand brewing industry. “We are delighted to welcome Dylan to the role. He is passionate about the brewing industry and brings significant ... more

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Sweet start for the NZ honey sector after dismal 2017

The $5 billion-a-year honey New Zealand industry is on its way to recovery after one of its poorest seasons in decades last year. The 2017 harvest was hit hard by cold, wet and windy weather over the optimal nectar-flow period, resulting in a sharp fall in production. Karin Kos, chief executive of Apiculture New Zealand, said it was early days but that the fine weather over the important November and December months had seen the season get off to a strong start. "It's looking like ... more

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Dairy product prices increase amid outlook for lower supply

Dairy product prices rose at the Global Dairy Trade auction, as whole milk powder increased on the outlook for reduced supply from Fonterra, the world's top dairy exporter. The GDT price index rose 2.2 per cent from the previous auction two weeks ago to US$3,124 ($4,393). Some 25,400 tonnes of product was sold, down from 29,592 tonnes two weeks ago. Whole milk powder rallied 4.2 per cent to US$2,886 ($4,059) a tonne. Skim milk powder gained 1.6 per cent to US$1,699 ($2,389) a tonne, ... more

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Tip Top reprioritises icecream production amid 'unprecedented' demand

"Unprecedented" icecream demand has meant fewer of the country's least favourite frozen treats will be made in the coming months, Tip Top says. While they say there is not an icecream shortage as such, Tip Top is reprioritising its production so that the more popular products will be available, including Trumpets, Popsicles, most Frujus and vanilla icecream to go with the Christmas pav. "We're not going to run out," sales director for Fonterra Brands Tim Carter ... more

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Prices fall sharply at latest global dairy auction

Farmers woke up to Christmas bad news with dairy prices falling by 3.9 per cent in the latest Global Dairy Trade auction (GDT). The previous auction two weeks ago offered a slight reprieve as the overall index rose 0.4 per cent, following four consecutive declines. The average price per tonne on the Global Dairy Trade index was US$2969 (NZ$4247), with the key price indicator whole milk powder at US$2755, a drop of 2.5 per cent. The auction is the first following Fonterra's decision ... more

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Synlait partners with Foodstuffs South Island to supply fresh milk and cream

Synlait Milk says it will enter the fresh milk market in early 2019 by partnering with Foodstuffs South Island and will invest about $125 million in a liquid dairy packaging plant. The Dunsandel-based company will become Foodstuffs South Island's exclusive supplier of its private label fresh milk and cream under the supply agreement, it said in a statement. Fresh milk and cream from Synlait will be packaged in Value and Pams branded products, which are available across New World, ... more

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