Displaying items by tag: Miles Hurrell

Fonterra leaders are making their case for offloading the co-operative's $3 billion consumer business, noting that its return on capital has been nowhere near respectable.

OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.

OPINION: Fonterra deserves a pat on the back for delivering another solid set of financial results.

Fonterra has unveiled a revised strategy – to maximise farmgate milk price and setting higher targets for dividends and return on capital for shareholders and unit holders.

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.