Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
The co-op’s organic suppliers will get $9.25/kgMS as advance rate for milk supplied for the first four months of the new season – June to September.
Fonterra’s organic supply manager Stuart Luxton says the record price shows the increase in demand for their top-quality products and “really delivers back to our hardworking organic farmers”.
Meanwhile Fonterra has lifted last season’s organic milk price to $12/kgMS.
Last week Fonterra also announced a record opening forecast milk price for conventional milk - $10/kgMS.
Recently Organics New Zealand released its 2025 Organic Sector Market Report, which noted that the sector has grown from $723 million in 2020 to $1.18 billion in 2024. Exports totalled NZ$606.7 million, growing at nearly twice the rate of total primary sector exports.
Organic dairy is the second biggest sector, with exports up 39.5% from 2020 to $214 million.
