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 CHIEF executive Theo Spierings has welcomed the release of the Government inquiry report into the whey protein concentrate contamination incident.
It affirms New Zealand's position as a global leader in food production and safety, says Spierings.
"The report and its recommendations will help further strengthen New Zealand's robust food safety regulatory systems," Spierings says.
"The integrity of the system is highlighted by comments from Professor Alan Reilly, the Inquiry's Independent Peer Reviewer, who states: "I concur with the broad conclusion drawn by the Inquiry team that the dairy food regulatory structure in New Zealand is fundamentally sound and compares well with official food control systems elsewhere in the world."
"This independent endorsement of the quality of New Zealand's food safety framework is a welcome contribution following the WPC80 precautionary recall," said Mr Spierings.
"We have learned critical lessons from what has been a difficult experience, and the findings of this forward-looking review are an important step in our own reputational rebuild. It is encouraging that many of the recommendations are in line with our own conclusions about the robustness of New Zealand's food production and safety systems."
Spierings says the constructive level of engagement throughout the inquiry process and said Fonterra is looking forward to working with the Government to progress some of the report's recommendations.
"An exciting proposal for Fonterra, and for New Zealand, is the establishment of a centre of food safety science and research and we would welcome the opportunity to commit our expertise to a project such as this.
"We will continue working with Government, global regulators and other food producers to be even better equipped to deal with food safety challenges in the future. New Zealand is the dairy capital of the world and Fonterra must play a lead role in creating a new global benchmark for food safety and quality," Spierings says.
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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