Fonterra unveils first electric refrigerated truck
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Fonterra farmers are pleased with their co-operative's interim results, says Co-operative Council chair John Stevenson.
He told Rural News that the results give farmers confidence.
"A fully imputed interim dividend of 22 cents per share evidences our co-op's strong focus on return on capital," he says.
"Maintaining the forecast farmgate milk price midpoint for the current season at $10/kgMS with a narrowed range will give farmers confidence.
"Both a high milk price and solid earnings are a great outcome for farmer shareholders and council acknowledges the efforts by Miles Hurrell and his team."
Fonterra chief executive Miles Hurrell says it's pleasing to be able to deliver these results for farmer shareholders and unit holders.
"We're focusing on driving value which includes delivering strong financial performance while achieving the highest sustainable farmgate milk price," says Hurrell.
"At the same time, we're looking ahead as we implement our strategy and continue to invest for the future. We have commenced projects to unlock manufacturing production capacity for our Ingredients and Foodservice channels, with site works now underway at Studholme for high-value protein capacity and at Edendale for a new UHT cream plant.
"We're also continuing to invest to future proof our operations and supply chain network, with work underway on a new Whareroa coolstore and plans for decarbonisation projects."
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.
Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).
The conversion of productive farmland into trees has pretty much annihilated the wool industry.