Four Candidates Confirmed for Fonterra Board Election
Four candidates have been confirmed for two director positions on Fonterra’s board.
Fonterra has updated its earnings guidance for the 2022 financial year that ended on 31 July 2022, indicating that earnings will be towards the top end of its current guidance of 25 – 35 cents per share.
Chief executive Miles Hurrell says that while the co-operative is still in the processing and auditing its 2022 numbers, there is now enough certainty overall to provide an update ahead of the release of its annual results in September.
“Our Co-op has made good progress against our strategy over the past 12 months, and we look forward to updating our stakeholders when we release our results in September,” Hurrell says.
He says that looking ahead, there is a positive outlook for dairy.
“We continue to see favourable supply and demand dynamics and remain well-positioned to keep delivering against our strategy.”
Fonterra will release its financial results for the year ending 31 July 2022 on Thursday, 22 September 2022.
A major move is about to get underway to improve the quality and viability of dairy beef and cattle in NZ.
Veterinarians say changes to the code of welfare for dairy cattle provides a positive foundation for improved cattle welfare across the country.
Today, 15 October, is the International Day of Rural Women, which recognises rural women’s contribution to farming, communities and the environment.
Global dairy giant Lactalis has integrated its Australian operations with the Mainland Dairy consumer business it acquired from Fonterra earlier this year.
After almost two decades of sharemilking, saving and building equity, Aaron and Marcia Flay this year realised their long-held dream of settling on their first dairy farm.
Good medium to long term prospects for NZ beef, especially in the US, has heighted the focus on various initiatives to capitalise on this situation.

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