Fonterra in Chile comes under the spotlight for alleged monopoly business practices
Protestors at a Fonterra plant in southern Chile may have pulled back, but the truce may be short-lived because demonstrators expect dialogue, something Fonterra New Zealand says isn’t happening. The more than 200 members of the Chilterra ( the company has a large New Zealand Shareholding ) workers’ union and indigenous representatives said they lifted the protest because Soprole had agreed to sit down at the table with them. Soprole is owned by Fonterra, and Chilterra ( this company has gone into…
Chilean dairy farmers threaten to break away from New Zealand owned Fonterra Milk Company
Disgruntled Chilean dairy farmers have threatened to stop supplying Fonterra because they say they are being underpaid for their milk. The dairy giant has a 86 percent ownership stake of processing company Prolesur, but some small farmers in southern Chile who supply it are unhappy with their treatment. New Zealand dairy consultant Mike McBeath, who is chairman of Chilean company Chilterra, said it was looking to combine with about 200 farmers to create a rival co-operative. In the last nine years, the Soprole/Prolesur…
Adecoagro buys the Argentine cooperative Sancor Dairy Company
Twelve years after the first attempt, the agro-industrial group Adecoagro is about to get its revenge: it will gain control of the SanCor dairy cooperative, a company of the utmost importance for the Argentine dairy industry. That will be next Thursday when a meeting of farm shareholders of the dairy firm decides as an association whether Adecoagro can have more than 90% of the assets that are to be transferred. The amount of the transaction is confidential but, according to market sources, the proposal…
How did the New Zealand Milk Exporter Fonterra lose its way
Created in 2001, Fonterra was heralded as a ‘breakthrough idea’ meant to help New Zealand ‘catch the knowledge wave’. 14 years on, there’s been no economic transformation, writes Tony Baldwin. Fonterra is confined to segments of business that deliver a return on assets of no more than 5-8%, making it a ‘bottom-feeder’. “Potentially better than an oil well,” boasted Fonterra’s founding chairman, John Roadley, in 2002. “White gold” is another…
Rising Milk demand from China and increasing food safety concerns from New Zealand its major supplier open up opportunities for South America
Rising Milk The worlds largest dairy exporters New Zealand company Fonterra is calling for improved lab-testing, saying the Government owned Environmental Science & Research laboratories in New Zealand lacked the capacity to identify an E.coli bacterium in cream. This comes as a French company sues the dairy giant for $500 million, China looks to buy its milk from Germany and South America. Are these food safety issues an opportunity for South America to increase their exports to China ? Worried…
