Displaying items by tag: Fonterra

Fonterra has posted a solid half year result, with a net profit of $546 million, up $182m from last year.

Dairy consumers are demanding change, now, according to Charlotte Rutherford, director of sustainability at Fonterra.

Around 100 farms remain inaccessible by road in northern Hawke’s Bay, two weeks after carnage caused by Cyclone Gabrielle.

Softening global demand for milk has led Fonterra to downgrade its 2022-23 forecast milk price.

Fonterra says its remains committed to targeting “a significant” capital return to shareholders and unit holders next financial year.

A small number of farms in Hawke’s Bay have been forced to dry off cows because Fonterra tankers are unable to pick their milk.

Fonterra’s chief operating officer (COO) Fraser Whineray is leaving the co-op after three years in the
role.

Dairy farms in Northland, Hawke’s Bay and the Coromandel Peninsula remain cut off, says Fonterra.

OPINION: A mate of the Hound's reckons that while the princess of wokeness (former PM Ardern) may have left the building, the country's largest dairy co-op is fully ensconced with her style.

Dairy prices rebounded at last week’s Global Dairy Trade (GDT) auction, after three consecutive drops, raising hopes of better days ahead.