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 Peter McBride says Leonie Guiney has made a significant leadership contribution to the co-op.
"While stepping down as a director, Leonie will remain a passionate and highly valued member of our co-op,” he says.
“A hard-working director, over the years she has chaired our safety and risk committee and been a member of the audit, finance and risk; co-operative relations; and people, culture and safety committees.
“She has also been a member of the milk price panel and served on the capital structure committee and divestment review committee.
“Always generous with her time and energy, Leonie made a personal sacrifice to give back to the co-op that she loves. We cannot thank her enough. I know Kieran and the family will be glad to get that time back, but I’m sure Leonie’s leadership qualities will not be lost to our industry,’’ says McBride.
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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