Displaying items by tag: Miles Hurrell

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.

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.