Fonterra Names Four Independently Assessed Director Candidates
Fonterra Co-operative Group has confirmed the independently assessed candidates standing for election to its board in 2026.
Fonterra’s forecast milk price of $6.40/kgMS looks a lot more achievable now, according to BNZ senior economist Doug Steel.
Speaking at the Northern Dairy Development Trust Conference in Whangarei today, Steel said things were looking much better now than in December.
Global Dairy Trade auction prices have risen three times this year.
Steel told about 120 farmers at the conference that whole milk powder prices were up 13% in the three auctions this year.
“It’s pretty much a recognition that NZ weather has been awful; clearly the markets recognised that weather had been dry from November to December,” Steel says.
Outgoing Fonterra Co-operative Council chair John Stevenson says that it has been a privilege to represent the co-op's farmer shareholders.
New Plymouth-based Manuka honey exporter Egmont Honey has completed its acquisition of Taihape beekeeping business Tweeddale's Honey, with settlement finalised on Friday, 18 September.
Westpac NZ is calling on farmers and growers to start preparing now for the possibility of a dry summer, as likely El Niño conditions raise the risk of drought across parts of the country.
Fonterra Co-operative Group has confirmed the independently assessed candidates standing for election to its board in 2026.
Fonterra has revised its Farmgate Milk Price forecast for the 2026/27 season, lifting the midpoint and narrowing the range on the back of improving global dairy commodity prices.
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