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.
A small number of farms in Hawke’s Bay have been forced to dry off cows because Fonterra tankers are unable to pick their milk.
Anne Douglas, group director of Fonterra-owned Farm Source told Rural News that damaged roads and bridges have cut off tanker access to these farms.
“Collections are largely back on track, however a small number of farms in Hawke’s Bay have had to dry off as our tankers cannot access them due to damage to roads and bridges,” says Douglas.
“We continue to helicopter our people in to cut-off areas to provide assistance.
“Our focus is on establishing lines of communication with our farmer shareholders in the hardest hit areas so that we can stay connected, understand what they need and help coordinate recovery efforts.”
Fonterra is working closely with local industry bodies and representatives to co-ordinate support on the ground where needed as they always do when adverse weather strikes.
Local Farm Source teams have been reaching out to farmers to check in on them, and reminding farmers that they can call its 24/7 Farmer Support Team to get any on-farm support they may need.
Farmers have also been encouraged to contact the Rural Support Trust if they feel like they’re struggling.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
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.