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 regional heads of co-op affairs have been inundated with calls from farmers; the PKE usage guidance came out of the blue and days before the latest round of farmer meetings by directors.
Surely, the co-op could have floated the plan at farmer meetings before going public with it. This is another example of the co-op putting the cart before the horse.
