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Singapore's Olam looking to be among the cream of New Zealand's dairy industry

Olam Food Ingredients receives first tanker, planning second stage of $100m new plant

Waikato , New-zealand , China , Tokoroa , New-zealand-general- , South-island , Singapore , Colin-armer , Temasek-holdings , Fonterra , Naval-sabri , Olam-food-ingredients

PwC former auditors of Fonterra's books cop censure and costs following Colin Armer complaint

Complaint inherited from FMA concerned auditing of NZ's biggest business.

New-zealand , Leopino-foliaki , Jonathan-skilton , Colin-armer , Fonterra-cooperative-council , Fonterra , Financial-markets-authority , Zealand-institute-of-chartered-accountants , New-zealand-institute , Chartered-accountants , Financial-markets-conduct-act , Rich-day

Dairy wars: Contest for milk heats up as export newcomer takes on Fonterra in dairy heartland

The newcomer already plans a second Waikato plant: is the South Island also on the radar?

Waikato , New-zealand , South-island , New-zealand-general- , Singapore , Lichfield , North-island , Tokoroa , Anne-douglas , Paul-rennie , Colin-armer , Fonterra

PwC auditors before tribunal for Fonterra audits

Alleged failures during years of PwC audits for dairy giant Fonterra.

New-zealand , Auckland , Colin-armer , Matthew-casey , Fonterra , Financial-markets-authority , Chartered-accountants , Rich-day , Pwc-new-zealand , Transparency-report , Auditors , Before

Fonterra accounts: Auditing watchdog to hear charges against accountants accused of breaching code of ethics

A former Fonterra director made the complaint to the Financial Markets Authority in 2019.

New-zealand , China , Colin-armer , Fonterra-shareholder-council , Fonterra , Nz-institute-of-chartered-accountants , Financial-markets-authority , Chartered-accountants , Fonterra-shareholder , Pwc-new-zealand , Disciplinary-tribunal , China-farms

Fonterra accounts: Auditing watchdog to hear charges against accountants accused of breaching code of ethics

A former Fonterra director made the complaint to the Financial Markets Authority in 2019.

New-zealand , China , Colin-armer , Fonterra-shareholder-council , Fonterra , Financial-markets-authority , Nz-institute-of-chartered-accountants , Chartered-accountants , Fonterra-shareholder , Pwc-new-zealand , Disciplinary-tribunal , China-farms

Delving for cream beneath the froth: New watchdog chair marks Fonterra's turnaround journey

Dairy giant's "come a long way" on listening, but there's still work to do.

United-kingdom , Australia , New-zealand , Chile , Chilean , Peter-mcbride , John-stevenson , Colin-armer , Commerce-commission , Fonterra-council , Fonterra , Fonterra-co-operative

Financial Markets Authority dismisses Fonterra losses complaint

The Financial Markets Authority (FMA) has dismissed complaints about the massive losses Fonterra incurred from writing down the value of its Chinese investments.
The financial performance of the Chinese assets contributed to Fonterra reporting significant losses in 2019. (File image)
Photo: RNZ / Rebekah Parsons-King
It said an investigation had shown nothing to justify any action after the writedown of $674 million in the Chinese assets in 2019.
"The FMA did not find evidence to support regulatory action, including litigation, under the Financial Markets Conduct Act," the FMA said in a statement.
The complaint was brought by a Fonterra shareholder, Colin Armer.
Fonterra wrote off more than half of the original $754m investment in its 2015 joint venture partner Beingmate, resulting in a loss of $474m. It also wrote off about $200m from its valuation of fresh milk producer China Farms.

China , Chinese , Colin-armer , Simon-mackle , Financial-markets-authority , Fonterra , Financial-markets-conduct-act , China-farms-fonterra , Marc-rivers , சீனா , சீன , கொலின்-கவசம்

Deep dive into water quality

SHARING OPTIONS:
Water quality is a major topic of discussion among dairy farmers in Ireland and New Zealand.
On 7 July, dairy farmers and researchers in Ireland and New Zealand will come together to discuss the market for grass-fed dairy, environmental issues and on-farm practices to limit impacts on both the environment and farm profit.
The event is called Pasture Summit and it will be the first time a live event will be held simultaneously in Ireland and New Zealand.
Owing to COVID-19 restrictions, Irish farmers can log into the event online with only a small gathering permitted at Moorepark. There will be over 400 farmers at the New Zealand event being held in Hamilton, the dairy capital of New Zealand.

Longford , Ireland , New-zealand , Moorepark , Cork , Irish , Bruce-thorrold , Eddie-burgess , Philip-doyle , Pat-dillon , Tom-ocallaghan , Neil-osullivan