Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
Fonterra has appointed Kate Daly as managing director people & culture.
Daly joined the co-operative earlier this year as director HR chief operating officer (COO) and as a member of the people & culture lead team.
Fonterra CEO Miles Hurrell says COO is the engine room of the co-op with around 12,000 employees in manufacturing, supply chain, innovation, IT, sustainability, technical excellence and global quality and safety.
"Kate has hit the ground running and has already made a difference during an important time as the co-op has continued to deliver on its strategy at a time of significant global uncertainty.
"Kate is an experienced people leader and is passionate about creating the environment where people can develop and thrive and where inclusion and diversity is a key focus.
"We are very lucky to have someone of Kate's calibre and experience and I'm looking forward to her contributing to the co-op in her new role."
She will report to Hurrell and will be a member of the Fonterra management team.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
Ravensdown shareholders have elected Jane Montgomery and Kate Acland to the Ravensdown Board for three-year terms, following a closely contested director election.
Federated Farmers says new legislation replacing the Resource Management Act will cut red tape, unlock investment and help grow New Zealand's export-led economy, after the Planning Bill and Natural Environment Bill passed their third reading in Parliament yesterday.
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