Displaying items by tag: Fonterra

Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.

Fonterra has named Elizabeth (Liz) Coutts the chair of Mainland Group, the proposed divestment entity of the co-operative’s consumer business.

Fonterra farmers are pleased with their co-operative's interim results, says Co-operative Council chair John Stevenson.

Farmgate milk price could stay above $10/kgMS for two consecutive seasons, however, Fonterra is cautioning farmer shareholders to be wary.

Fonterra has reported a solid half-year result – an 8% lift in profit after tax to $729 million.

Fonterra has reaffirmed a forecast milk price mid-point of $10/kgMS for its farmer shareholders, with just over two months of the 2024-25 season left to run.

Through its new partnership with New Zealand Landcare Trust, Fonterra has committed to funding ten $25,000 grants for wetland restoration in communities across the country.

Milk production is up nationally, despite drought conditions beginning to bite in some districts, according to the latest update from Fonterra.

The divestment process for Fonterra's global consumer business is gaining momentum, with the co-op meeting global fund managers this week on a potential listing of the co-operative's newly formed Mainland Group.

Timpack, one of New Zealand's largest wooden pallet and bin manufacturers, has been rewarded an exclusive contract to supply Fonterra.