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Fonterra - Latest News [Page 5]
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 >>
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 >>
