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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…

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…

How did the New Zealand Milk Exporter Fonterra lose its way

image of Argentina: Los lácteos
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…