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.
Fonterra's milk collection in New Zealand for the seven months to December 31 reached 972 million kgMS, 4% higher than the same period last year, the cooperative says.
However the rate of growth has continued to slow, mainly driven by reduced South Island production growth, Fonterra says in its latest Global Dairy Update.
North Island collection in December was 4% higher than December last season. Some rain in dairy regions in the North Island supported grass growth and increased production.
South Island collection in December was 1% higher than the same month the previous season.
"Growing conditions have improved in Southland after a cold start to the season. However, dry conditions are impacting pasture growth across the east coast of the South Island and farmers will be watching this closely as irrigation restrictions may be put in place," the update says.
Fonterra's milk collection in Australia for the six months to December 31 reached 71 million kgMS, 6% higher than the same period last season. However in December it was 3% lower than December in the last season. Dry conditions are impacting pasture growth across most of south east Australia.
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.