Displaying items by tag: Miles Hurrell

Fonterra farmers start the new week with some good news – their forecast milk price mid-point for the season has jumped 30c.

Global food giant Nestle will provide a small premium to Fonterra farmers who achieve one of the three levels of Fonterra’s The Co-operative Difference framework during the 2023/24 season.

Improved demand from China has helped push the forecast farmgate milk for the season by 25c.

Fonterra will shortly be introducing a Scope 3 emissions target, which will seek to reduce emissions intensity on supplying farms.

Fonterra is using its vast trove of dairy culture collections to tap into a growing global health and wellness and medical nutritional markets.

Fonterra says a new government won’t impact plans to reduce emissions – both within its operations and on shareholders’ farms.

Fonterra has responded to recent jumps in global dairy prices and lower domestic milk collection by lifting its forecast milk price mid-point by 50c/kgMS.

Fonterra farmers will receive an advance rate of $5.10/kgMS for milk supplied over the next four months.

Fonterra says it will announce an on-farm emissions target (Scope 3 target) by the end of this year.

Fonterra has announced a final 2022-23 season farmgate milk price of $8.22/kgMS and a full-year dividend of 50c.