Displaying items by tag: Miles Hurrell

Fonterra says that while global inflationary pressures are easing, it is monitoring the potential for volatility because of geopolitical instability.

Fonterra chief executive Miles Hurrell was delighted to throw his support behind the national lamb day celebration held at Parliament last week.

Fonterra farmers start the new week with some good news – their forecast milk price mid-point for the season has jumped 30c.

Global food giant Nestle will provide a small premium to Fonterra farmers who achieve one of the three levels of Fonterra’s The Co-operative Difference framework during the 2023/24 season.

Improved demand from China has helped push the forecast farmgate milk for the season by 25c.

Fonterra will shortly be introducing a Scope 3 emissions target, which will seek to reduce emissions intensity on supplying farms.

Fonterra is using its vast trove of dairy culture collections to tap into a growing global health and wellness and medical nutritional markets.

Fonterra says a new government won’t impact plans to reduce emissions – both within its operations and on shareholders’ farms.

Fonterra has responded to recent jumps in global dairy prices and lower domestic milk collection by lifting its forecast milk price mid-point by 50c/kgMS.

Fonterra farmers will receive an advance rate of $5.10/kgMS for milk supplied over the next four months.