Displaying items by tag: Fonterra

Low milk prices have not only affected farmgate returns in New Zealand, they blew a $44 million hole last financial year in Fonterra's China farm business.

Fonterra chair John Wilson says there has been “a complete misunderstanding” over the pay increase for the co-op’s chief executive.

Fonterra is being urged not to force restrictions on the use of palm kernel expeller (PKE) without consulting farmers.

Fonterra and the Dairy Companies Association of New Zealand (DCANZ) heads are both disappointed in the Trans Pacific Partnership (TPP) agreement on dairy but there are "useful gains".

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.