Displaying items by tag: Miles Hurrell

Fonterra has lifted its forecast farmgate milk price, hot on the heels of a huge leap in global dairy prices.

Nearly ten years after Fonterra’s last capital structure review, farmer shareholders have again started deliberating on the future shape of their co-operative.

New Zealand dairy farmers deserve credit for premium prices fetched around the world for their milk, says Fonterra chief executive Miles Hurrell.

Dairy farmers can expect a lift in the forecast milk payout if dairy prices continue to climb.

This season's farmgate milk price could match last season’s $7.14/kgMS payout, despite the carnage caused by Covid-19.

Fonterra is reporting a first quarter gross profit of $270 million, up $72m on the same period last year.

Strong demand from China for whole milk powder has triggered another rise in Fonterra’s farmgate milk price.

Fonterra chief executive Miles Hurrell says work will continue this year on the co-operative’s business reset.

Fonterra has increased the mid-point of its forecast farmgate milk price for 2020/21.

Fonterra shrugged off the effects of COVID-19 in many markets to record a $67 million rise in normalised earnings before income tax (EBIT).