Strong Interim Results See Fonterra Boost Farmgate Milk Price to $9.70/kgMS
Fonterra says its interim results show continued momentum in its performance, with revenue of $13.9 billion in the first half of the 2026 financial year.
Fonterra chairman-elect John Wilson says the strong support for sitting directors is a support for the co-op's governance strategy.
Wilson, who was re-elected with director Nicola Shadbolt for another three-year term, says he is happy to be back.
With 11 candidates vying for the three board seats, Wilson said he never took anything for granted.
"All candidates were of high quality. The strong support for Nicola and I is a support for our governance strategy," he told Rural News online.
Wilson polled the highest number of votes followed by Shadbolt among the 11 candidates. New director Blue Read polled the third highest votes.
Read says he's happy to be back in a governance role. He served as chairman of Fonterra Shareholders Council.
The proposed retrenchment of Heinz Wattied's manufacturing presenced in New Zealand will be a blow to the wallets of more than 200 Canterbury vegetable growers.
The cost of running a New Zealand farm is now 27% higher than it was before Covid, putting sustained pressure on profitability acrfoss the sector, according to new ANZ research.
Rural contractors are getting guidance on how to deal with recent rising fuel prices.
An Ōpunake farmer with a poor effluent system has been fined $35,000 with a discount on the penalty discarded after he charged at a Taranaki Regional Council officer inspecting the ‘systematic problems’ on his farm.
The horticulture sector is under threat because of vulnerabilities of the country's transport infrastructure, according to a report commissioned by a collective representing a range of groups in the sector.
Silver Fern Farms chief executive Dan Boulton says the meat processor wants to find ways of getting product destined for Middle East markets into those markets as opposed to try and place them elsewhere.

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