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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Fonterra's Dirty Dirty

Fonterra's Dirty Dirty

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1Fonterra's Dirty Dirty Empty Fonterra's Dirty Dirty Tue Aug 06, 2013 12:38 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Fonterra has refused to answer questions about delays between the dairy giant discovering the contamination of whey concentrate products and alerting the public.

Thirty-eight tonnes of whey produced in May 2012 was tainted by a dirty pipe at one of Fonterra's processing plants in Waikato with a bacterium that can cause the paralytic illness botulism.

Testing in March this year indicated a problem and the whey tested positive for clostridium botulinum last Wednesday.

http://www.radionz.co.nz/news/dairy2013/216308/fonterra-won't-say-why-public-not-told-earlier

Meanwhile , Sri Lanka suspends New Zealand milk imports from today.
Director general of health services in Sri Lanka Palitha Mahipala said customs authorities have been directed not to clear any milk powder from New Zealand and Fonterra asked to withdraw from the market any product containing whey protein.

Anchor, AnMum, PediaPro are some brands sold in Sri Lanka.

Fonterra sells the infant formula as Karicare in other countries and now that brand is banned in China.
Here, in Sri Lanka I think they sell same thing re-named PediaPro.

Any guesses  why ? Embarassed 


Fonterra's Dirty Dirty Fonterra_karicare_milk_powder_1234_N2

Fonterra's Dirty Dirty Anchor_institute

Major damage is with infant formula as they have added tainted by product of cheese making process to increase the protein content in the kids milk .

Amazing ! no warning from our authorities for the parents even after the producers acceptance of contamination with a bacterium that can cause the paralytic illness botulism.
+ And, they admitted "  on Tuesday it still doesn't know where some of the contaminated whey it has sold to its customers is. "



Last edited by Chinwi on Tue Aug 06, 2013 8:54 pm; edited 1 time in total

2Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Tue Aug 06, 2013 1:43 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Also note Anelene is a fontera brand.

sashimaal

sashimaal
Manager - Equity Analytics
Manager - Equity Analytics
Sri Lanka suspends New Zealand milk imports 06 Aug, 2013 09:11:58

Aug 06, 2013 (LBO) - Sri Lanka has suspended imports of all milk imports from New Zealand and asked Fonterra brands to withdraw any products containing whey protein, an official said.

Director general of health services in Sri Lanka Palitha Mahipala said customs authorities have been directed not to clear any milk powder from New Zealand and Fonterra asked to withdraw from the market any product containing whey protein.
New Zealand based Fonterra sent an alert that a batch of whey protein, mostly used in baby formula, has been contaminated with the virus botulinus, where customers in countries such as China and Vietnam was involved.

Sri Lanka has also raised concern regarding dicyandiamide DCD contamination of milk.

Sri Lanka's Industrial Technology Institute has said it had found traces of DCD in several brands of milk including that of Fonterra, though the health ministry said tests in Thailand showed that was no danger.

Mahipala said that further testing is being carried out on DCD.

http://www.lankabusinessonline.com/news/sri-lanka-suspends-new-zealand-milk-imports/703835452

4Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Tue Aug 06, 2013 9:13 pm

lion


Senior Equity Analytic
Senior Equity Analytic
O think this is a very positive news for local dairy manufacturers like Renuka Agri and Kotmale

sashimaal

sashimaal
Manager - Equity Analytics
Manager - Equity Analytics
(Reuters) - Fonterra, the world's leading exporter of dairy products, apologized on Monday for a milk powder contamination scare in China that risks tainting New Zealand's reputation for food safety.

The company said at the weekend it found bacteria that could cause food poisoning in some products. Contaminated whey protein concentrate had been sold to China, Malaysia, Vietnam, Thailand and Saudi Arabia and used in products including infant milk powder and sports drinks, it said.

Rushing to China, one of Fonterra's biggest markets, CEO Theo Spierings sought to reassure customers, telling local media that processing methods would kill off harmful bacteria.

"We really regret the distress and anxiety which this issue could have caused," he said. "We totally understand there is concern by parents and other consumers around the world. Parents have the right to know that infant nutrition and other dairy products are harmless and safe."

Spierings said Fonterra, a leader in New Zealand's $9 billion dairy export trade, was not facing a ban on its products in China, only restrictions on whey protein concentrate.

He said he expected the curbs would be lifted early this week, as soon as Fonterra provides Chinese regulators with a detailed explanation of what went wrong. The majority of the affected products have already been contained, he said, and the problem will be resolved within two days after all contaminated products have been recalled.

Units in Fonterra's Shareholders Fund, which offer outside investors exposure to the cooperative's farmer shareholder dividends, slumped as much as 8.7 percent to an 8-month low before closing down 3.7 percent at NZ$6.86. The New Zealand dollar fell nearly 2 U.S. cents to a 1-year low. Dairy produce accounts for about a quarter of New Zealand's NZ$46 billion ($36 billion) annual export earnings, and the currency is sensitive to Fonterra's fortunes.

DIRTY PIPE

Fonterra is a major supplier of bulk milk powder products used in infant formula in China, but doesn't sell in China under its own brand name after Chinese dairy company Sanlu, in which it held a large stake, was found to have added melamine - often used in plastics - to bulk up formulas in 2008. Six babies died then and thousands were taken ill.

Spierings said the latest problem originated in a pipe at a factory in New Zealand that was seldom used, so normal cleaning was not sufficient to sanitize it. Fonterra discovered in March that some whey protein concentrate, sold on to customers in May, was contaminated. It immediately began testing, but as most of the bacteria's strains are benign, the company only traced the harmful strain last month. Customers were informed on July 31.

"The supply chain for infant nutrition powder takes a long time, with many steps," Spierings said.

The affected plant was closed for cleaning after the possibility of a problem was discovered, Spierings said, adding the problem was isolated to that factory. He said he was confident all contaminated products had been found.

DISCLOSURE DELAYS

New Zealand Prime Minister John Key questioned why Fonterra took so long to disclose the contamination.

"When ... your whole business is about food safety and food quality, you'd think they'd take such a precautionary view to these things and say if it's testing for some reason in an odd way that (the product) would just be discarded till they're absolutely sure it's right," he said, noting Fonterra is New Zealand's flagship and the issue went right to the "heart of undermining consumer confidence".

In China, the official Xinhua news agency said Fonterra might have gained some credit had it moved quickly to recall the affected produce. "But when such a problem takes more than a year to come to light, it's elevated from an industry event to a national issue," it said in an English-language commentary.

Investigations found 38 metric tons of whey protein concentrate were contaminated, Spierings said, of which 18 tons were used in Fonterra factories in Australia and New Zealand to produce milk formula for two customers.

Dumex Baby Food Co Ltd, a subsidiary of France's Danone, told Fonterra that 12 batches could have been affected, Spierings said. Half had been recalled as a precaution and the rest was in factories. It was not clear which was the other affected company.

Spierings said products from Coca-Cola Co and Chinese food firm Wahaha were safe as any bacteria would be killed during processing. Protein drinks made by Auckland-based Vitaco Health Group Ltd, another Fonterra customer, were also unaffected, while products sold to China under the Karicare brand by Nutricia, another Danone subsidiary, do not contain the contaminated whey protein concentrate, he added. In Paris, Danone shares fell more than 1 percent. "None of the products tested by Dumex in China have reported problems," Spierings said. "There have been no customer complaints."

TOUGH CHOICES

In China, parents - many of whom prefer foreign baby milk as it is seen as being of better quality than domestic products - were angry and confused.

"Domestic brands aren't very good. Now, neither are foreign brands," said Zheng Zhiqing, who was buying formula for his grandson in Shanghai. "I have no idea how I should choose."

Zizi Zhang, 36, said she feeds her 18-month-old child formula milk imported from the United States. "My impression of New Zealand formula was really good ... the cows and sheep are healthy, so you think the milk they produce is of a higher quality. I doubt people will switch to domestic milk powder. I'm even more nervous (now). All mothers will react this way. I just hope now that the U.S. won't have problems."

Nearly 90 percent of China's $1.9 billion in milk powder imports last year originated in New Zealand, with the lion's share coming from Fonterra, which manufactures milk powder for other companies to sell in China.

Vietnam ordered an immediate recall of a milk powder manufactured by Fonterra, while authorities in Thailand said they were waiting for more information from New Zealand officials before restricting Fonterra products.

In January, Fonterra said it found traces of dicyandiamide, a potentially toxic chemical, in some of its products.

http://www.reuters.com/article/2013/08/05/us-newzealand-milk-fonterra-idUSBRE97403U20130805

6Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Wed Aug 07, 2013 4:37 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This is what Fonterra office looks like Razz 

https://www.youtube.com/watch?v=6XHs4b7Ql68

7Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Thu Aug 08, 2013 3:00 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thank you, sri lanka's greatest cricketer,
sangakkara and wife for selflessly promoting this garbage to the beloved sri lankans.

Even after he broke his leg.

K.Haputantri

K.Haputantri
Co-Admin
Court issues interim order preventing Fonterra from advertising its products
August 8, 2013  04:54 pm
Adaderana

The Appeals Court has issued an interim order preventing Fonterra from advertising any of its products until August 21.

Meanwhile, milk food companies were directed yesterday to remove from circulation all known milk powders found by the Industrial Technology Institute of Sri Lanka to contain DCD, the Health Ministry stated.

The Ministry released a statement which revealed that all the milk powder imported from New Zealand was tested for the Clostridium Botulinum bacteria while all milk powders that were found to be free of the bacteria were released from the port.

The Director General of Health Services earlier requested all print and electronic media heads to suspend commercials on all milk powder until further notice.

The Health Services Director General temporarily halted the release of all imported dairy products containing whey protein from the port after New Zealand warned international health authorities that several dairy products may contain a bacteria that could lead to botulism.

AFP reported last week that New Zealand warned international health authorities of exported dairy products, including infant formula, containing a bacteria that could lead to botulism -- a potentially fatal illness.

9Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Thu Aug 08, 2013 7:44 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
ඕක තමයි කියන්නේ නරක කපටි හිතින් කරන කොයි දේත් හරි ගියා වගේ පෙනුනට කවද හරි වැල් පොලියත් එක්ක ආපස්සට කැරකිලා එනවා කියල .

සමස්ථ දැන්වීම් ඉතිහාසේම තිබුන අන්තිම පහත් නින්දිත අවස්ථාවක් තමයි අපේ අස්ථි පද්ධතිය දිරා, ඉරිතලා , පුපුරා , වැහැරී යන හැටි රුපාවහිනියේ සජිවිකරණයෙන් පෙන්වා අපේ මනසට අනියත බිය ඇතුල් කිරීම තුලින් අප කවදාවත් බොන්න නොසිතා සිටි කිරි සහිත සංයෝගයක් අධික මිලකට අපට වෙළෙඳම් කර ගැනීම.

සුළු මුදලකට ගන්න තියෙන කැල්සියම් පෙති වෙනුවට කොහේදෝ කොම්පැනියක කලවම් කරන මිශ්‍රනයක්ම ගන්න ඕනය යන මනස සේදීමේ ක්‍රියාවලිය විළි ලජ්ජා නැතුව කළ අයට ඔය එන්නේ පොලිය පිටින්.

10Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 12:50 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
In reports, some says samples contain DCD and some say not. I found, once ITI checked a sample and detected DCD but when the same sample checked in Thailand, no DCD was detected.

ITI says that they follow the UV method, which is one method of detecting DCD (There are only 2 methods) according to the international standards although fonterra states ITI doesn't have suitable technology.

So, Who tell true and who lie?

11Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 9:39 am

wappula

wappula
Manager - Equity Analytics
Manager - Equity Analytics
oh.. well come back robotic malli. after long time ne...

12Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 9:50 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@wappula wrote:oh.. well come back robotic malli. after long time ne...
Yes, after a very long time, but I came here, checked threads and comments although in that silent period. Very Happy

13Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 9:51 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@wappula wrote:oh.. well come back robotic malli. after long time ne...
Yes, after a very long time, but I came here, read threads and comments although in that silent period. Very Happy

14Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 2:51 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Next thing you know "some expert may come up with a finding that DCD is an essential nutrient for Growth"

15Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 2:55 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chinwi wrote:ඕක තමයි කියන්නේ නරක කපටි හිතින් කරන කොයි දේත් හරි ගියා වගේ පෙනුනට කවද හරි වැල්  පොලියත් එක්ක ආපස්සට කැරකිලා  එනවා  කියල .

සමස්ථ  දැන්වීම් ඉතිහාසේම තිබුන අන්තිම පහත්  නින්දිත අවස්ථාවක්  තමයි අපේ අස්ථි පද්ධතිය දිරා, ඉරිතලා , පුපුරා , වැහැරී යන හැටි රුපාවහිනියේ සජිවිකරණයෙන් පෙන්වා අපේ මනසට අනියත බිය ඇතුල්  කිරීම තුලින් අප කවදාවත් බොන්න නොසිතා සිටි කිරි සහිත සංයෝගයක් අධික මිලකට අපට වෙළෙඳම් කර ගැනීම.

සුළු මුදලකට ගන්න තියෙන කැල්සියම් පෙති වෙනුවට කොහේදෝ කොම්පැනියක කලවම් කරන මිශ්‍රනයක්ම ගන්න ඕනය යන මනස සේදීමේ ක්‍රියාවලිය විළි ලජ්ජා නැතුව කළ  අයට  ඔය එන්නේ පොලිය පිටින්.
Very True.

And a so called sportsman took the front role in pushing this garbage down the throat of loving & trusting fans.

Shame on you.

16Fonterra's Dirty Dirty Empty Re: Fonterra's Dirty Dirty Fri Aug 09, 2013 5:08 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@gamaya wrote:
@Chinwi wrote:ඕක තමයි කියන්නේ නරක කපටි හිතින් කරන කොයි දේත් හරි ගියා වගේ පෙනුනට කවද හරි වැල්  පොලියත් එක්ක ආපස්සට කැරකිලා  එනවා  කියල .

සමස්ථ  දැන්වීම් ඉතිහාසේම තිබුන අන්තිම පහත්  නින්දිත අවස්ථාවක්  තමයි අපේ අස්ථි පද්ධතිය දිරා, ඉරිතලා , පුපුරා , වැහැරී යන හැටි රුපාවහිනියේ සජිවිකරණයෙන් පෙන්වා අපේ මනසට අනියත බිය ඇතුල්  කිරීම තුලින් අප කවදාවත් බොන්න නොසිතා සිටි කිරි සහිත සංයෝගයක් අධික මිලකට අපට වෙළෙඳම් කර ගැනීම.

සුළු මුදලකට ගන්න තියෙන කැල්සියම් පෙති වෙනුවට කොහේදෝ කොම්පැනියක කලවම් කරන මිශ්‍රනයක්ම ගන්න ඕනය යන මනස සේදීමේ ක්‍රියාවලිය විළි ලජ්ජා නැතුව කළ  අයට  ඔය එන්නේ පොලිය පිටින්.
Very True.

And a so called sportsman took the front role in pushing this garbage down the throat of loving & trusting fans.

Shame on you.
This is a market economy and everybody work for their own benefit and no attention to the harm on others. To act a such role for few seconds they are paid million of rupees although they don't use that product personally.

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