Displaying items by tag: Fonterra

Fonterra says its presence at the world's largest food and beverage event last month allowed it to showcase what made New Zealand dairy unique - sustainability.

Fonterra says securing capital for future growth will depend on how its farmers manage emissions on-farm.

An $800 million tax-free capital return announced by Fonterra will be "very welcomed" by farmers, says Federated Farmers dairy section chair Richard McIntyre.

Demand for protein and cheese has helped Fonterra overcome inflationary pressures to post a solid half-year result.

As Fonterra revealed its interim results for 2023 this morning, two Greenpeace activists were arrested in a protest outside the co-operative’s Auckland offices.

Fonterra has posted a solid half year result, with a net profit of $546 million, up $182m from last year.

Dairy consumers are demanding change, now, according to Charlotte Rutherford, director of sustainability at Fonterra.

Around 100 farms remain inaccessible by road in northern Hawke’s Bay, two weeks after carnage caused by Cyclone Gabrielle.

Softening global demand for milk has led Fonterra to downgrade its 2022-23 forecast milk price.

Fonterra says its remains committed to targeting “a significant” capital return to shareholders and unit holders next financial year.