GFM Network News


China busts gang selling expired dairy products

Shanghai/Wellington | Reuters — Chinese police have arrested 19 people for repackaging and selling expired dairy products originally from New Zealand giant Fonterra Co-Operative Group, a Shanghai regulator said on Monday, the latest food scare to hit the country. The bust, which initially took place in March, uncovered the gang who had cut 276 tons […] Read more

Australia competition watchdog to widen dairy investigation

Sydney | Reuters — Australia’s competition watchdog will launch a broad investigation into the country’s dairy industry, the country’s deputy prime minister Barnaby Joyce said on Thursday. The investigation comes after Australia’s largest dairy processor Murray Goulburn and New Zealand’s Fonterra Co-operative Group in April reduced their farm gate prices, or what they pay farmers […] Read more


New Zealand farm firm bans use of palm in feed

Wellington | Reuters — New Zealand farm company Landcorp said Monday it would ban its farmers from using palm kernel expeller (PKE), a feed supplement used for cows that environmentalists have linked to rainforest destruction. The state-owned company, which runs 140 farms, said it would end the use of the feed by June 2017 to […] Read more

International dairy prices, volumes fall at auction

Wellington | Reuters –– International dairy prices fell overnight at the fortnightly GlobalDairyTrade auction, despite market expectations that prices might rise. Fonterra’s GlobalDairyTrade Price Index dipped 2.9 per cent, with an average selling price of $2,190 per tonne, in the auction held on Tuesday (all figures US$). A total of 20,406 tonnes was sold at […] Read more


Global dairy prices unexpectedly fall in overnight auction

Wellington | Reuters — Global dairy prices unexpectedly eased in the overnight GlobalDairyTrade auction, a platform established by New Zealand’s Fonterra Co-operative Group, the world’s biggest dairy exporter. Fonterra’s GDT Price Index dipped 1.6 per cent, with an average selling price of $2,458 per tonne, in the auction held Tuesday (all figures US$). Whole milk […] Read more