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Fonterra - Latest News [Page 3]
Fonterra Launches Wellbeing Nutrition Solutions Brand
Wednesday, 7 September 2022, 10:21 am | Fonterra
Fonterra is taking another step in implementing its strategy to be a leader in nutrition science and innovation with the launch of a new wellbeing solution brand, Nutiani. The new business-to-business brand is targeted at both the multi-billion-dollar medical ... More >>
Fonterra Provides Milk Price Update
Friday, 26 August 2022, 10:54 am | Fonterra
Fonterra today revised its 2022/23 forecast Farmgate Milk Price range from NZ$8.75-$10.25 per kgMS to NZ$8.50-$10.00 per kgMS. This reduces the midpoint of the range from NZ$9.50 to NZ$9.25 per kgMS, however the current advance payment rate of NZ$5.70 ... More >>
Fonterra Ramps Up Opportunities In Complementary Nutrition Partnership
Thursday, 25 August 2022, 10:10 am | Fonterra
Fonterra and Royal DSM, a global purpose-led company in health, nutrition and bioscience, are establishing a new start-up company to accelerate the development and commercialisation of fermentation-derived proteins with dairy-like properties. The start-up is a next ... More >>
Fonterra Announces Another Major Step In Low Carbon Transition
Thursday, 4 August 2022, 1:14 pm | Fonterra
Fonterra is taking another step towards its low carbon transition with its Waitoa site in the Waikato planning to install a 30 megawatt wood biomass boiler to replace a coal boiler. Together with Te Tumuaki o Te Kīngitanga and local iwi Ngāti Hauā, ... More >>
Fonterra To Close Brightwater Milk Powder Plant
Monday, 1 August 2022, 2:08 pm | Fonterra
Fonterra has today announced it will be closing the milk powder plant at its Brightwater site near Nelson in April 2023. However, milk collection and associated activities will continue at Brightwater as Fonterra moves its milk transfer activities there ... More >>
Fonterra Appoints New Managing Director Strategy And Optimisation
Tuesday, 26 July 2022, 1:05 pm | Fonterra
Fonterra is pleased to appoint Emma Parsons as its Managing Director Strategy and Optimisation, effective from 1 August 2022. The newly developed role will have ownership and oversee the implementation of Fonterra’s strategy and plans to achieve Fonterra’s ... More >>
Fonterra Welcomes Milk-e, New Zealand’s First Electric Milk Tanker
Monday, 18 July 2022, 2:24 pm | Fonterra
New Zealand’s first electric milk tanker, Milk-E, has been officially launched by the Minister for Energy and Resources, Hon. Dr Megan Woods, in Morrinsville. <img src="https://img.scoop.co.nz/stories/images/2207/8083df2f50bed25c2634.jpeg" ... More >>
Donna Smit To Retire From Fonterra Board
Friday, 15 July 2022, 8:57 am | Fonterra
Long serving Fonterra Director Donna Smit has confirmed she will retire from the Fonterra Board when her current three-year term ends at the Co-operative’s Annual Meeting on 10 November 2022. Smit was first elected to the Fonterra Board by her ... More >>
Fonterra, NZX And EEX Confirm GDT Strategic Partnership
Thursday, 30 June 2022, 11:19 am | Fonterra
Fonterra today confirms the finalisation of the strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op. As announced in February 2022, the ... More >>
Fonterra Provides Milk Price, Performance, And Strategy Update
Thursday, 23 June 2022, 8:37 am | Fonterra
Fonterra today lifted its 2022/23 forecast Farmgate Milk Price range to NZ$8.75-$10.25 per kgMS, up from NZ$8.25-$9.75 per kgMS. This increases the midpoint of the range, which farmers are paid off, by 50 cents to $9.50 per kgMS. More >>
Fonterra Announces Share Buyback Programme
Wednesday, 8 June 2022, 8:55 am | Fonterra
Fonterra Co-operative Group Limited ( Fonterra ) advises that it will allocate up to $50m to an on-market share buyback programme commencing 30 June 2022. Chairman Peter McBride says that in making this decision, Fonterra has looked at prevailing ... More >>
Fonterra Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Thursday, 26 May 2022, 11:14 am | Fonterra
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance. The opening forecast Farmgate Milk Price for the 2022/23 season is set at $8.25 - $9.75 per kgMS, with a midpoint of $9.00 ... More >>
Fonterra Expands Seaweed Trial, Fonterra Farmers Have First Access
Friday, 29 April 2022, 11:07 am | Fonterra
Fonterra expands on-farm trials of methane reducing Asparagopsis seaweed, as part of the Fonterra’s commitment to helping solve the methane challenge. In partnership with Australian company Sea Forest, Fonterra is looking at the potential Asparagopsis ... More >>
Fonterra To Exit Russian Businesses
Monday, 21 March 2022, 9:29 am | Fonterra
Fonterra has today announced it will exit its businesses in Russia. This follows the Co-op’s decision to suspend shipments of product to Russia at the end of February. CEO Miles Hurrell says “our first step following Russia’s invasion of Ukraine ... More >>
Fonterra’s CFO Marc Rivers To Leave The Co-op
Thursday, 17 March 2022, 9:14 am | Fonterra
Fonterra today announced that its Chief Financial Officer (CFO) Marc Rivers will be leaving the Co-op at the end of 2022 following its Annual Meeting. Chief Executive Officer Miles Hurrell says Mr Rivers joined Fonterra in 2018 and has played a critical ... More >>
Fonterra Reports Its Interim Results
Thursday, 17 March 2022, 9:12 am | Fonterra
Fonterra Co-operative Group Limited today announced its 2022 Interim Results which show the Co-op has delivered a half year Profit After Tax of NZ$364 million, a Total Group normalised EBIT of NZ$607 million, and a decision to pay an interim dividend ... More >>
Fonterra Lifts Forecast Farmgate Milk Price And Maintains Earning Guidance Range
Thursday, 24 February 2022, 9:24 am | Fonterra
Fonterra Co-operative Limited today lifted its 2021/22 forecast Farmgate Milk Price range to NZ$9.30 - $9.90 per kgMS, up from NZ$8.90 - $9.50 per kgMS. This increases the midpoint of the range, which farmers are paid off, by 40 cents to NZ$9.60 per ... More >>
Fonterra, NZX And EEX Enter GDT Partnership For Future Growth
Thursday, 17 February 2022, 8:55 am | Fonterra
Fonterra has agreed a strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op. Subject to the approval of Boards, clearance from ... More >>
Fonterra Lifts Forecast Farmgate Milk Price Range
Tuesday, 25 January 2022, 8:49 am | Fonterra
Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off, by 50 cents to NZD $9.20 per ... More >>
Fonterra Revises Milk Collection Forecast
Tuesday, 11 January 2022, 11:04 am | Fonterra
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS. Fonterra CEO Miles Hurrell says varied ... More >>
