Displaying items by tag: Miles Hurrell

Fonterra has reported a net profit of $1.1 billion for financial year ending July 31, 2024.

Fonterra farmers have received several pieces of good news this morning.

Fonterra is investing $150 million on a new cool store at its Whareroa site in Taranaki.

Fonterra’s oldest milk processing site – at Edendale, Southland is getting a new $150 million UHT  cream plant.

Fonterra is spending $75 million at its Studholme site in South Canterbury to boost high value protein production.

Fonterra has bumped up its forecast farmgate milk price for the season on the back of rising commodity prices and a strong balance sheet.

OPINION: Sticking with the NZ Primary Industries Summit, Fonterra chief executive Miles Hurrell’s quip about the milk price has been doing the rounds on Twitter.

Fonterra is opening a sixth application centre in China to boost its growing foodservice business.

Fonterra says milk supply and demand remains finely balanced as it starts with a cautious opening forecast milk price for the new season.

OPINION: Speaking at the Chinese Business Summit in Auckland last week, Fonterra chief exuecutive Miles Hurrell revealed that his phone was running hot over the weekend.