Displaying items by tag: Miles Hurrell

Fonterra plans to shave $1 billion off its operating costs by 2030.

Fonterra expects demand for its dairy products in China to return next year.

Farmers are being told to expect tight times ahead as the projected milk price was revised to a new mid-point range of $7 following the Global Dairy Trade (GDT) auction earlier this month.

Fonterra says it’s full-year dividend will be at the top end of its forecast range of 65-80c/share.

Fonterra is splashing out $700 million to improve its manufacturing operations and supply chain emissions footprint.

Fonterra is upping its game in nutrition science, announcing a new corporate ventures arm and a US$10 million investment in US biotech company Pendulum.

Fonterra has made a bumper third quarter profit on the back of soaring cheese and protein prices.

Fonterra says securing capital for future growth will depend on how its farmers manage emissions on-farm.

Demand for protein and cheese has helped Fonterra overcome inflationary pressures to post a solid half-year result.

As Fonterra revealed its interim results for 2023 this morning, two Greenpeace activists were arrested in a protest outside the co-operative’s Auckland offices.