Displaying items by tag: Miles Hurrell

Successive drops in the price of whole milk powder have prompted Fonterra to revise its forecast milk price for the season.

Fonterra farmers are in line to be paid a milk price over $9/kgMS for the first time ever.

Fonterra has revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kgMS, down from its opening forecast of 1,523 million kgMS.

Dairy farmers will be milking cows for as long as they can to capitalise on a record milk price this season.

An efficient New Zealand manufacturing base, diversified markets and a global supply chain helped Fonterra stay ahead of the game during the pandemic.

Soaring whole milk powder (WMP) prices are lifting forecast milk price to Fonterra farmer suppliers but it is also affecting the co-op’s profitability.

Fonterra chief executive Miles Hurrell used his first overseas trip in nearly two years to meet UK farming leaders and allay their fears around the looming free trade agreement (FTA).

A Covid outbreak on a supplier farm will not stop Fonterra from collecting milk, says chief executive Miles Hurrell.

Fonterra chief executive Miles Hurrell has been on his first overseas trip in nearly two years.

Fonterra is pegging its future to New Zealand milk in a new long-term strategy unveiled last week.