Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
FONTERRA HAS paid tribute to retiring director Jim van der Poel, who stepped down after 12 years on the board.
Speaking at the co-op's annual meeting in Palmerston North yesterday, Fonterra chairman John Wilson described the Waikato farmer as a "hard working director".
"I have personally known Jim as a farmer and director for the past 20 years," he says.
"Apart from being a passionate and highly successful farmer, he has been a hard working director," he says.
Wilson thanked van der Poel for helping drive the co-op's success.
"He was always ready to step and put his shoulder to the wheel to help out the co-op."
Van der Poel thanked farmers for their support during the past 12 years.
"I really enjoyed my time at Fonterra; there were some challenging times," he says.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
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