Media

Following several months of negotiations, Fonterra Australia is pleased to confirm that an in-principle agreement has been reached with the United Workers’ Union to support production workers at our Cobden, Stanhope and Darnum sites.

The United Workers’ Union have advised that some Fonterra Australia production workers at our sites in Cobden, Darnum and Stanhope in Victoria will take industrial action on Wednesday 18 and Thursday 19 October 2023.

Fonterra Australia delivered EBIT of NZ$75 million (AU$69.3 million) in FY23, while paying a record-high milk price for Australian farmers and managing an operating cost increase of 23% on FY22.

For more than two decades, Fonterra’s Proud to be a Chef program has helped to fast-track the careers of almost 800 apprentice chefs, providing an unparalleled opportunity to learn from the best in the business and refine their culinary skills.

Fonterra Australia has announced an opening weighted average milk price for the 2023/24 season of $8.65/kgMS. This price is made up of the minimum monthly rates set out in Fonterra Australia’s milk supply agreement, together with standard production and quality incentives.

Fonterra Australia has announced a step-up of 10 cents per kgMS taking its 2021/22 average price to $7.40/kgMS, and an opening weighted average farmgate milk price of $8.25/kgMS for the 2022/23 season.

Fonterra Australia has increased its average farmgate milk price for the 2021/2022 season by 20 cents per kgMS, comprising 17 cents per kg of butterfat and 24 cents per kg of protein.

Dairy farmers are tackling the critical shortage of skilled labour at all levels in the industry with a program designed to support and inspire the next generation of farmers.

Fonterra Australia has increased its average farmgate milk price for the 2021/2022 season to $7.10 per kilogram of milk solids (kgMS).