Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The new 60-strong team at Fonterra Darfield are into their final few weeks of trials before the first milk arrives.
Fonterra Canterbury operations manager Richard Gray says everyone is excited to see their hard work come to fruition as the site transitions from a building phase into trialing and then into full operations.
"Safety and quality are our top priorities and, with all the team on board, our focus is on testing the new plant's processes with water," he says.
New members of the team have been familiarising themselves with the systems by visiting four of the co-op's 26 sites around the country, including Te Rapa and Whareroa in the North Island and Clandeboye and Edendale in the South Island.
"While it's still very early days, it's already clear that the new team has a real depth of skills and experience. And it's been great to see most of this talent coming from the local area," says Gray.
Career opportunities at the new site have been a good option for those affected by the Christchurch earthquake, says Mike O'Dea, one of the new packing operators at the plant.
"Earthquake damage meant Canterbury Brewery had to be shut and I was made redundant. But when one door closes another opens and it's great to have this opportunity, says O'Dea.
"There's a big emphasis on excellence on site. I'm the last eyes on the product before the customer sees it."
Gray says there is high demand for roles at the new site, both from locals and from people around the country.
"We've had a great response from locals with three quarters of the jobs going to people from the Canterbury region."
Fifty more positions will be added in 2013 when the site's second drier comes on line.
When both driers are fully operational the site will process up to 6.6 million litres of milk.
"This will further optimise Fonterra's production and product mix for New Zealand milk, which is an important platform for our strategy," says Gray.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
Ravensdown shareholders have elected Jane Montgomery and Kate Acland to the Ravensdown Board for three-year terms, following a closely contested director election.
Federated Farmers says new legislation replacing the Resource Management Act will cut red tape, unlock investment and help grow New Zealand's export-led economy, after the Planning Bill and Natural Environment Bill passed their third reading in Parliament yesterday.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.