Displaying items by tag: Fonterra

Fonterra chairman John Wilson is confident farmers will next week approve changes to the co-op’s governance structure.

Fonterra has for the first time passed all its forecast milk price rise to its cash-strapped farmer suppliers.

Waikato milk processor Tatua Dairy has done it again -- topping last season’s milk payout, leaving Fonterra and other processors far behind.

Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.

Fonterra is in “pole position” compared to its competitors after a tremendous transformation, says chief executive Theo Spierings.

Fonterra’s annual results announcement will increase certainty and security for dairy farmers, in what has been a positive week for the industry, say the Feds.

Fonterra has increased its after tax profit by 65% to $834 million for the year ended July 31, 2016.

Fonterra’s recording of its highest ever EBIT, which resulted in Fonterra Farmers receiving a 60% increase on the earning per share received last season, was a positive result in an otherwise challenging environment.

Fonterra Cooperative Group Ltd increased its 2016/17 forecast farmgate milk price by 50 cents to $5.25/kgMS.

In another sign the dairy industry is rebounding, milk processors are increasing their forecast price for the season.