Displaying items by tag: Fonterra

Eight Fonterra Shareholders Council members have been returned unopposed for another three-year term.

Amid Brazil's political and economic turmoil, onerous bureaucracy and almost non-existent market for fresh milk it’s hard to see the appeal for Fonterra.

Fonterra farmers are disappointed with the final payout of $4.65/kgMS for last season.

Fonterra chief executive, Theo Spierings, says improved second half results in the 2015 financial year were driven by a strong focus on cash and costs.

Fonterra expects to collect 5% less milk this season compared to last year.

Fonterra has lifted its 2015-16 forecast payout by 75 cents to $5.00 to $5.10/kgMS.

The farmgate milk price increases to $4.60 and the dividend payment remains at 40 to 50c/share.

Milk prices should keep rising given the scenario of falling NZ milk production.

Many dairy farmers are discussing the virtues of Fonterra’s loan for sharemilkers, and the consensus seems to be to see it as a last resort.

Fonterra says its $231 million upgrade to its dairy processing plant at Pahiatua in the Tararua district will give the company more flexibility in the products it can produce at other plants.

This year's Fonterra board elections are not attracting candidates.