One of the nation’s largest dairy processors is pulling the plug on Australia,but it’s just the latest domino to fall in a sector that has been dwindling for decades.
Fonterra has gained access to a handful of Bega documents after its rival's boss corrected his witness statement in a long-running dispute over a licensing deal that went sour.
Fonterra is set to sell its stake in DFE Pharma for nearly $590 million as the company looks to reduce its debts.
The New Zealand-headquartered global dairy giant Fonterra has unveiled sweeping write-downs totalling up to $820 million.
Dairy giant Fonterra cut its annual earnings outlook on Thursday amid challenging weather conditions in New Zealand and said it would not pay an interim dividend.
The New Zealand-based dairy giant has admitted its own forecasts for the year had been too optimistic.
Fonterra has slashed $365 million off the value of its investment in Beingmate Baby Child Food,calling the performance of its Chinese partner "unacceptable".
Surging sales of infant formula in Australia and China have pushed the a2 Milk company's first half net profit up by 150 per cent.
Fonterra Australia,the nation’s biggest dairy processor,has unveiled a boost in payments to its 1300 farmer suppliers in Australia.
Big isn't always better when it comes to Australian businesses wanting to capitalise on the so-called Asian dining boom.