Displaying items by tag: Miles Hurrell

Dairy farmers can expect a lift in the forecast milk payout if dairy prices continue to climb.

This season's farmgate milk price could match last season’s $7.14/kgMS payout, despite the carnage caused by Covid-19.

Fonterra is reporting a first quarter gross profit of $270 million, up $72m on the same period last year.

Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.

Fonterra chief executive Miles Hurrell says work will continue this year on the co-operative’s business reset.

Fonterra has increased the mid-point of its forecast farmgate milk price for 2020/21.

Fonterra shrugged off the effects of COVID-19 in many markets to record a $67 million rise in normalised earnings before income tax (EBIT).

Fonterra says 2019-20 proved to be a year of two halves.

Fonterra chief executive Miles Hurrell says 2019/20 was a good year for the co-op, with profit up, debt down and a strong milk price.

Fonterra has told its farmer shareholders that on-farm sustainability must improve further or the co-op could lose $300 million of annual business from key customers.