Displaying items by tag: Miles Hurrell

Fonterra has updated its earnings guidance for the 2022 financial year that ended on 31 July 2022, indicating that earnings will be towards the top end of its current guidance of 25 – 35 cents per share.

Fonterra has completed a revamp of its executive management team with the appointment of Emma Parsons in the new role of managing director strategy and optimisation.

Fonterra has appointed Emma Parsons as its managing director strategy and optimisation, effective from 1 August 2022.

Farmers grappling with rising costs received some good news last week.

Successive drops in the price of whole milk powder have prompted Fonterra to revise its forecast milk price for the season.

Fonterra farmers are in line to be paid a milk price over $9/kgMS for the first time ever.

Fonterra has revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kgMS, down from its opening forecast of 1,523 million kgMS.

Dairy farmers will be milking cows for as long as they can to capitalise on a record milk price this season.

An efficient New Zealand manufacturing base, diversified markets and a global supply chain helped Fonterra stay ahead of the game during the pandemic.

Soaring whole milk powder (WMP) prices are lifting forecast milk price to Fonterra farmer suppliers but it is also affecting the co-op’s profitability.