Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
Voting for the 2012 Fonterra elections opens tonight. Voting packs were posted to shareholders today.
This year's Fonterra elections are being held for three seats on the board of directors and the five wards in the Shareholders Council: Wards 8 (Hamilton), 9 (Morrinsville), 17 (Eastern Bay of Plenty), 23 (Egmont Plains) and 32 (Southern Canterbury).
There are eleven candidates standing for the board of directors' election: Blue Read, Donna Smit, Eric Ray, Grant Cochrane, Grant Rowan, Jacqueline Rowarth, Jan Marten Kingma, Lachie Cameron, Michael Spaans and the two incumbent directors John Wilson and Nicola Shadbolt.
Fonterra shareholders have the opportunity to meet candidates at the directors' election candidate roadshow on December 3-7.
Shareholders can vote by internet, fax or post using the Single Transferable Vote (STV) system. The results will be announced at Fonterra's annual meeting in Hamilton on Monday, December 17.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.
State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.
A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.
DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.
While the Government has moved quickly to make commercial hauliers' lot easier during the current fuel crisis, they appear to be stuck in the creep box when it comes to the agricultural industry.