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Fonterra - Latest News [Page 4]
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 >>
Fonterra’s Flexible Shareholding Structure Gets Green Light From Farmers
Thursday, 9 December 2021, 2:09 pm | Fonterra
Fonterra shareholders have today given the Co-operative’s new capital structure proposal the green light with 85.16% of the total farmer votes in support of the proposal. The final votes on the capital structure proposal were cast at a Special ... More >>
Fonterra Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update
Friday, 3 December 2021, 8:39 am | Fonterra
Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance. The Co-op has lifted and narrowed the forecast Farmgate Milk Price range ... More >>
Fonterra Farmers To Vote On Co-op’s Capital Structure Proposal
Tuesday, 9 November 2021, 2:00 pm | Fonterra
Fonterra has today announced it will proceed with a shareholder vote on the change to the Co-operative’s capital structure, which would give farmers greater financial flexibility and better enable the Co-op’s strategy. Fonterra Chairman Peter McBride ... More >>
Fonterra And Vitakey Partner To Enhance Dairy’s Contribution To Health And Wellness
Thursday, 4 November 2021, 2:02 pm | Fonterra
Combining innovation and nutrition with the goodness of natural New Zealand milk Looking to a future where it is likely that many foods will be more valued for their specific health benefits, Fonterra and VitaKey Inc. announced today a transformative ... More >>
Fonterra Increases 2021/22 Forecast Farmgate Milk Price
Tuesday, 26 October 2021, 8:31 am | Fonterra
Fonterra Co-operative Group Limited today increased and narrowed its forecast Farmgate Milk Price range to NZD $7.90 - $8.90 per kgMS, from NZD $7.25 - $8.75 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $8.40 ... More >>
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 >>
