Displaying items by tag: Fonterra

Former Fonterra director Nicola Shadbolt says she has unfinished business on the co-operative’s board.

After investing over $1 billion and following 10 years of poor returns, Fonterra has agreed to sell its China farms for $555 million (RMB ¥2.5 billion).

It’s official, Fonterra’s organic farmers have become the first in the country to receive a double-digit milk payout.

Fonterra is on track to meeting an interim target of achieving a 30% reduction in emissions by 2030.

Retiring Fonterra chairman John Monaghan steps down from the cooperative’s board, satisfied at leaving behind a business in good stead.

Former Primary Industries Minister and Fonterra board aspirant Nathan Guy believes his relationships with bureaucrats in Wellington will help the co-op’s farmers immensely.

Fonterra shrugged off the effects of COVID-19 in many markets to record a $67 million rise in normalised earnings before income tax (EBIT).

Fonterra says 2019-20 proved to be a year of two halves.

Fonterra chief executive Miles Hurrell says 2019/20 was a good year for the co-op, with profit up, debt down and a strong milk price.

Fonterra is continuing a roll out of its new milk vat monitoring systems.