Fonterra and Nestle have amended their joint venture investment in Dairy Partners Americas to Fonterra taking a majority 51% share in Brazil and Nestle acquiring the rest. Fonterra has also taken control of Nestle's share in DPA Venezuela, while Nestle now controls DPA Ecuador. The changes "better reflect each company's respective strategies," and "are aimed at making our businesses in Brazil and Venezuela even stronger," Fonterra's Managing Director of Latin America Alex Turnbull said.
Fonterra plans to offer more products and increase sales volume for its online independently run auctions. The company sells about 10% of its products online and plans to increase that number to 20%, while also inviting other dairy companies to participate in the auctions.
Fuel costs were cited by Australia's National Foods for an 8% increase in about half its dairy product prices, just one day after an equivalent price hike was announced by Dairy Farmers Group cooperative. A spokesperson for New Zealand's Fonterra dairy said, "cost pressures from various sources, including significant movements in fuel price, is a factor that continually impacts on the entire supply chain." However, that company has not yet announced price increases.
Americans are catching on to traditional European tastes for artisan cheeses, perhaps due in part to the slow food movement, a Phoenix cheese and wine retailer says. He advises matching wine and cheese intensities, such as powerful reds with strong cheese and whites with milder varieties, along with crackers, bread, sliced tomatoes or fruit.
New Zealand dairy companies Fonterra and New Zealand Dairy Foods have agreed to sell each other certain brands, associated operations and assets valued at a total of $827 million. Fonterra's gains include the Anchor Milk and Fresh'n'Fruity yogurts, while NZDF is acquiring Meadow Fresh beverages and yogurts and Kiwi Meats.