Battle for milk
OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not keen on giving any ground to its competitors in the country.
Chief executive Miles Hurrell says that while the co-operative is still in the processing and auditing its 2022 numbers, there is now enough certainty overall to provide an update ahead of the release of its annual results in September.
“Our Co-op has made good progress against our strategy over the past 12 months, and we look forward to updating our stakeholders when we release our results in September,” Hurrell says.
He says that looking ahead, there is a positive outlook for dairy.
“We continue to see favourable supply and demand dynamics and remain well-positioned to keep delivering against our strategy.”
Fonterra will release its financial results for the year ending 31 July 2022 on Thursday, 22 September 2022.
