Displaying items by tag: Fonterra

A downward trend in global dairy prices has triggered a revision of Fonterra’s forecast farmgate milk price for this season.

Fonterra has announced that Chris Rowe will take over as the co-operative’s acting chief financial officer.

Fonterra says milk collections are disrupted in Northland and the top of the South Island due to flooding.

Fonterra has updated its earnings guidance for the 2022 financial year that ended on 31 July 2022, indicating that earnings will be towards the top end of its current guidance of 25 – 35 cents per share.

Fonterra is closing its Brightwater site in Nelson in April next year, with 30 staff set to lose their jobs.

Fonterra has completed a revamp of its executive management team with the appointment of Emma Parsons in the new role of managing director strategy and optimisation.

Fonterra says additional measures are not required to reduce the co-operative's discretion in a setting the milk price.

Nominations for the Fonterra Board of Directors’ election open today with an election to be held for two farmer-elected directors.

OPINION: The Hound notes that Fonterra is cashing in on the curent government's largesse with taxpayer money.

Fonterra's bid to gain parliamentary approval for its new capital structure is fiercely opposed by rival milk processors.