Fonterra - Latest News [Page 1]

Independently Assessed Candidates For Fonterra Board Of Directors’ Election Announced

Monday, 18 October 2021, 4:53 pm | Fonterra

Incumbent Directors Peter McBride, John Nicholls and Leonie Guiney have been announced as the Independently Assessed Candidates for the 2021 Fonterra Directors’ election. This year there are three Board positions up for election. The three incumbent Directors ... More >>

Delivering Calm In The Kitchen – Fonterra’s Foodservice Businesshits $3 Billion In Revenue

Thursday, 14 October 2021, 2:19 pm | Fonterra

Fonterra’s Foodservice business, Anchor Food Professionals (AFP), has reached a milestone to become a $3 billion NZD annual revenue business. Fonterra CEO Miles Hurrell says the success is down to the Co-op’s strong connection to customers ... More >>

New Flexible Shareholding Structure Proposed As Best Option For Farmers And Co-op

Thursday, 23 September 2021, 9:02 am | Fonterra

Fonterra’s Board has presented a revised capital structure proposal that it will discuss with farmers over the coming weeks before deciding whether to proceed to a shareholder vote. The “Flexible Shareholding” structure is a progression on ... More >>

Sustainability score card shows good progress for Fonterra

Wednesday, 15 September 2021, 12:20 pm | Fonterra

Fonterra has released its sustainability score card summarising progress towards its people and environmental targets. Fonterra COO Fraser Whineray says “transparently reporting across a range of sustainability metrics is very important for our Co-operative. ... More >>

Fonterra’s Stirling Site Announces Plans To Get Out Of Coal

Tuesday, 27 July 2021, 12:21 pm | Fonterra

As Minister for Energy and Resources Hon Dr Megan Woods officially opened Fonterra’s wood pellet boiler at its Te Awamutu plant, the Co-operative announced details for its next site to exit coal - Stirling cheese plant in Otago. Otago’s ‘fantastic ... More >>

Farmer Feedback Set To Shape Revised Capital Structure Proposal

Monday, 19 July 2021, 8:55 am | Fonterra

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward ... More >>

Fonterra Agrees Sale Of China JV Farms

Monday, 28 June 2021, 11:35 am | Fonterra

Fonterra has agreed the sale of its two joint venture farms in China, with the sale expected to be completed on 30 June. The farms in Shandong province will be sold to Singapore-based AustAsia Investment Holdings for USD 115.5 million. Fonterra, ... More >>

Fonterra Sets Opening 2021/22 Forecast Farmgate Milk Price And Updates On Business Performance

Wednesday, 26 May 2021, 8:57 am | Fonterra

Fonterra today announced an opening forecast Farmgate Milk Price range for the 2021/22 season of $7.25 - $8.75 per kgMS, with a midpoint of $8 per kgMS. It also narrowed its 2020/21 forecast Farmgate Milk Price range, which reduces the midpoint by 5 cents ... More >>

Fonterra Starts Consultation On Capital Structure Options

Thursday, 6 May 2021, 9:27 am | Fonterra

Today Fonterra is starting a consultation process to seek farmer feedback on potential options to change its capital structure that could give farmers greater financial flexibility. To allow its farmers to have open conversations and consider all options ... More >>

Fonterra Enters Trading Halt

Wednesday, 5 May 2021, 8:49 am | Fonterra

Fonterra Co-operative Group Limited (for itself and on behalf of the Fonterra Shareholders’ Fund) has requested a trading halt this morning to their respective ordinary shares and units on: 1. the ASX; 2. the NZX Main Board; and 3. the Fonterra Shareholders’ ... More >>

Fonterra Completes Sale Of Two China Farms

Thursday, 1 April 2021, 4:21 pm | Fonterra

Fonterra has today completed the sale of its two wholly owned China farming hubs in Ying and Yutian. As announced in October 2020, the sale of the farms to Inner Mongolia Youran Dairy Co., Ltd (Youran) was subject to anti-trust clearance and other ... More >>

Coal Not In Fonterra’s Future

Wednesday, 31 March 2021, 11:47 am | Fonterra

Fonterra has been working on its transition to renewable energy for some time and says it can, and will, get out of coal, with a couple of practical constraints. Nine of its 29 sites use coal and Chief Operating Officer Fraser Whineray says there’s ... More >>

Fonterra Reports A Positive Half Year Result

Wednesday, 17 March 2021, 11:38 am | Fonterra

Fonterra Co-operative Group Limited today announced its 2021 Interim Results and they show the Co-operative has had a positive first half, resulting in a Total Group normalised EBIT of $684 million, normalised Profit After Tax of $418 million and ... More >>

Fonterra Lifts Its 2020/21 Forecast Farmgate Milk Price Range

Friday, 5 March 2021, 8:58 am | Fonterra

Fonterra Co-operative Group Limited today lifted its 2020/21 forecast Farmgate Milk Price range to NZD $7.30 - $7.90 per kgMS, up from NZD $6.90 - $7.50 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $7.60 per ... More >>

Fonterra Details How Farmers Will Be Paid For Sustainable, High Value Milk

Thursday, 25 February 2021, 12:57 pm | Fonterra

Fonterra has released the details of how it will pay farmers for producing sustainable, high quality milk as part of The Co-operative Difference framework. From 1 June 2021, up to 10 cents of each farm’s milk payment will be determined by the farm’s sustainability ... More >>

Fonterra Narrows 2021 Earnings Guidance

Thursday, 25 February 2021, 9:13 am | Fonterra

Fonterra Co-operative Group Limited today announced it has lifted the bottom end of its 2021 forecast earnings guidance and narrowed the range to 25-35 cents per share, from 20-35 cents per share. Fonterra CEO Miles Hurrell says, while it is still ... More >>

Fonterra Lifts Its 2020/21 Forecast Farmgate Milk Price Range

Wednesday, 3 February 2021, 9:05 am | Fonterra

Fonterra Co-operative Group Limited today lifted its 2020/21 forecast Farmgate Milk Price range to NZD $6.90 - $7.50 per kgMS, up from NZD $6.70 - $7.30 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $7.20 per ... More >>

Fonterra Joins Forces With DSM To Lower Carbon Footprint

Friday, 29 January 2021, 9:36 am | Fonterra

Fonterra and Royal DSM, a global science-based company active in health, nutrition and sustainable living, are teaming up to work on reducing on-farm greenhouse gas (GHG) emissions in New Zealand. While the organisations have a long-standing working ... More >>

Fonterra, Nestlé And DairyNZ Join Forces To Tackle Nitrogen Leaching

Monday, 14 December 2020, 10:33 am | Fonterra

Fonterra and Nestlé are teaming up with DairyNZ to expand a promising plantain trial to help improve waterways and reduce on-farm greenhouse gas (GHG) emissions. Incorporating certain varieties of plantain into a cow’s diet has been shown to ... More >>

Fonterra’s Latest Sustainability Report Shows Most Encouraging Progress To Date

Tuesday, 3 November 2020, 12:35 pm | Fonterra

Fonterra has achieved its most encouraging sustainability results since starting its annual reporting four years ago, but the Co-op is staying focused on what still needs to be done to reach its long-term targets. “The progress we’ve made this ... More >>