Displaying items by tag: Fonterra

Fonterra shareholders could end up losing over $1 billion on the co-op’s controversial investment in Chinese infant formula company Beingmate, says business commentator Rod Oram.

We have not reached peak milk in New Zealand, says Fonterra chairman John Wilson.

Beingmate is very close to appointing a chief executive officer, says Fonterra’s chief executive Theo Spierings.

Fonterra is “very comfortable” with its $7/kgMS farmgate milk price forecast for the 2018-19 season, says chairman John Wilson.

Fonterra chairman John Wilson says the industry should be “incredibly proud” of how far thinking and onfarm practices in sustainability have come in a short time.

Volatility in earnings is the result of prices staying high for milk-price products, says Fonterra chairman John Wilson.

Fonterra chief executive Theo Spierings says volumes for the year were down by 5%, driven by lower inventory. 

Fonterra's $7/kgMS opening milk price is at the top end of the range seen by market followers and analysts.

Fonterra farmers will get an extra 20c/kgMS for milk supplied to the co-op this season.

Fonterra has announced an opening forecast Farmgate Milk Price of $7/kgMS for the 2018/19 season starting June 1.