Fonterra confirms timeline for Lactalis deal and $2-per-share capital return
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra Shareholders Council chairman, Ian Brown and deputy chairman Philip Palmer have been re-elected for another term.
Brown says he appreciated the support he and Palmer have received from fellow councillors.
"I look forward to continuing to lead the council as we work to improve Fonterra farmers' returns through effective monitoring and strong representation."
Their terms began last week and will run for 12 months.
OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.
European dairy giant Arla Foods celebrated its 25th anniversary as a cross-border, farmer-owned co-operative with a solid half-year result.
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.
For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not been too badly affected by recent storms across the upper North Island.
South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower South Island regional manager Jared Stockman.