Fonterra - Latest News [Page 1]

Fonterra Lifts 2020/21 Forecast Farmgate Milk Price

Thursday, 15 October 2020, 8:41 am | Fonterra

Fonterra Co-operative Group Limited today increased the mid-point of its forecast Farmgate Milk Price range to $6.80 per kgMS, up from $6.40 per kgMS, while retaining its current +/-50c per kgMS range. Fonterra CEO Miles Hurrell says the stronger 2020/21 ... More >>

Fonterra Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

Monday, 12 October 2020, 10:30 am | Fonterra

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More >>

Fonterra Sells China Farms

Monday, 5 October 2020, 8:39 am | Fonterra

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More >>

Candidates For Fonterra Elections Announced

Friday, 25 September 2020, 5:06 pm | Fonterra

There are six candidates standing for two places on the Fonterra Board in 2020. Brent Goldsack, Cathy Quinn, Mike O’Connor and Nathan Guy were announced on 14 September as the Independently Assessed candidates. Incumbent Director Brent Goldsack ... More >>

Fonterra Announces Its Annual Results And A Return To Paying Dividend

Friday, 18 September 2020, 9:19 am | Fonterra

Fonterra Co-operative Group Limited today announced its annual results, final Farmgate Milk Price of $7.14 per kgMS and a dividend of 5 cents per share for the 2019/20 season, bringing the final cash payout for farmers to $7.19 per kgMS. More >>

Independently Assessed Candidates For Fonterra Board Of Directors’ Election Announced

Monday, 14 September 2020, 5:16 pm | Fonterra

Incumbent Director Brent Goldsack, along with Nathan Guy, Cathy Quinn and Mike O’Connor have been announced as the Independently Assessed Candidates for the 2020 Fonterra Farmer Directors’ election. This year there are two Board positions up for election. ... More >>

Fonterra Targets Community Support Where It’s Needed Most

Monday, 14 September 2020, 11:16 am | Fonterra

Fonterra is taking a new approach to how it provides nutrition to communities, to better reach those most in need across New Zealand. CEO Miles Hurrell says, as a New Zealand farmer owned co-op, with employees spread right across regional New Zealand, ... More >>

Fonterra confirms appointment of Teh-han Chow

Monday, 17 August 2020, 8:56 am | Fonterra

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Fonterra Revises Its 2019/20 And 2020/21 Forecast Farmgate Milk Price Ranges

Friday, 17 July 2020, 8:53 am | Fonterra

Fonterra Co-operative Group Limited today revised both its 2019/20 and 2020/21 forecast Farmgate Milk Price ranges. The 2019/20 forecast Farmgate Milk Price range has narrowed from $7.10 - $7.30 per kgMS to $7.10 - $7.20 per kgMS. The mid-point, off which farmers ... More >>

Fonterra Announces Peter McBride As Chairman-elect

Friday, 26 June 2020, 10:04 am | Fonterra

Fonterra Co-operative Group Limited (FCG) has announced that current Farmer Director, Peter McBride has been selected as the Co-operative’s Chairman-elect by his fellow Directors. Under Fonterra’s constitution, its Chairman is selected by the Board ... More >>

Fonterra To Pay Farmers More For Sustainable, High Value Milk

Tuesday, 23 June 2020, 10:39 am | Fonterra

Fonterra farmers producing sustainable, high quality milk will be eligible for a new payment, as Fonterra announces important changes to the way it pays farmers for their milk. From 1 June 2021, Fonterra is introducing a Co-operative Difference Payment ... More >>

Appointment Of Independent Director To Fonterra Board

Tuesday, 28 April 2020, 8:44 am | Fonterra

Fonterra today announced the appointment of a new Independent Director, Holly Kramer, who will join the Fonterra Board as an Independent Director on 11 May 2020. Ms Kramer is based in New South Wales and has extensive governance, multinational, and retail ... More >>

Fonterra Reports Its Interim Results

Wednesday, 18 March 2020, 12:33 pm | Fonterra

Fonterra Co-operative Group Limited today announced its 2020 Interim Results, which show the Co-operative’s financial performance has improved with increased underlying earnings and reduced debt. More >>

Fonterra Chairman Confirms Retirement In November

Thursday, 5 March 2020, 9:13 am | Fonterra

Fonterra Co-operative Group Limited (FCG) Chairman John Monaghan has confirmed that he will retire as a Director of the Co-operative when his current 3-year term ends at its Annual Meeting this November. In a note to the Co-operative’s farmer-owners ... More >>

Fonterra Reaffirms Forecast Farmgate Milk Price And Earnings Guidance, And Revises Milk Collections

Thursday, 27 February 2020, 2:09 pm | Fonterra

Fonterra Co-operative has reaffirmed its forecast Farmgate Milk Price range at $7.00-7.60 per kgMS and its forecast full-year underlying earnings guidance of 15-25 cents per share. It has also revised its forecast milk collections for the 2020 season down ... More >>

Fonterra’s Te Awamutu site moves to pellet power

Thursday, 30 January 2020, 8:28 am | Fonterra

Fonterra is taking another step forward in its commitment to renewable energy as it announces that its Te Awamutu site will be coal free next season. More >>

Fonterra appoints interim CEO Greater China

Thursday, 19 December 2019, 4:15 pm | Fonterra

Fonterra is pleased to appoint Teh-Han Chow as its interim CEO Greater China. Fonterra CEO Miles Hurrell says the creation of this new role on the Fonterra Management Team reflects the importance of the China market to the Co-op and it will sit alongside ... More >>

Fonterra to Streamline Chilean Operations

Thursday, 19 December 2019, 9:33 am | Fonterra

Fonterra has purchased the minority interest in Prolesur, held by Fundación Isabel Aninat (the Fundación), as the Co-op looks to streamline its operations in Chile. More >>

Fonterra Managing Director People & Culture Resigns

Friday, 15 November 2019, 8:56 am | Fonterra

Today Fonterra announces that Deborah Capill, Managing Director – People & Culture, has resigned. Deborah is set to leave the Co-operative in February 2020 to pursue a change in career. More >>

Fonterra increases 2019/2020 forecast Farmgate Milk Price

Tuesday, 22 October 2019, 8:49 am | Fonterra

Fonterra Co-operative Group Limited today increased its 2019/2020 forecast Farmgate Milk Price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS. The Advance Rate Fonterra pays its farmer owners will be set off the mid-point, $7.05 per kgMS, ... More >>